Madison Realty Capital to payout $1M to victims of fraud and tenant harassment
“Today’s agreement stands up for all the tenants harassed and pushed out of their homes by a fraudulent landlord and the lender that financed his unlawful operation,” James said. “Madison Realty Capital aided one of our city’s worst landlords in his unlawful scheme, but we’re holding the company to account and delivering real relief to the many victims through rent credits and housing placement. The agreement requires Madison to take ownership of the portfolio, which filed for bankruptcy in March 2017. In addition to the credits and housing placements, the investment firm will a...
Source: crainsnewyork.com