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Read / Add Comments A Bergen County real estate broker was sentenced to a year and a half in federal prison for his role in a $4.6 million “short-sale” scheme. Steve Young Kang, 66, of Ridgefield, and others sold properties to an accomplice, Mehdi Kassai, for substantially less than they were worth, Acting Principal Assistant U.S. Attorney and Executive Assistant U.S. Attorney Rahul Agarwal said. The conspirators used false documents, straw buyers and cosmetic property damage, while also restricting the ability of others to bid on and buy those properties, Agarwal said. Kassai then “sold many of those properties to third-parties at a substantial profit,” conning financial institutions out of $2.7 million, he said.

Mehdi kassaiWilliamj martiniRahul agarwalSteve young kangUs department of homeland security investigationsBergen county prosecutor officeHousing finance agency office of inspectorHousing finance agency office of inspector generalUs district courtBergen countyYoung kangCourt judge williamBergen county prosecutorFederal housing finance agency officeInspector generalHomeland security investigations