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Mitch Kossoff and the Missing Escrow Millions - Vimarsana News

Mitch Kossoff and the Missing Escrow Millions

(Illustration by Paul Dilakian/Getty) The spin class at the New York Sports Club near City Hall was a popular lunchtime workout for landlords and real estate attorneys. They would go for the intense instructor, Mitch Kossoff, a spinning evangelist and one of New York City’s most prominent landlord lawyers. Mitch Kossoff In the studio, Kossoff cranked up a soundtrack of thumping club music, motivating his class to “dance on the bike” as they worked up a sweat. In his law practice, too, Kossoff made adversaries perspire with an encyclopedic knowledge of the state’s byzantine rent stabil...

Mitchell Kossoff Allegedly Forged Mother's Signature - Vimarsana News

Mitchell Kossoff Allegedly Forged Mother's Signature

This has to be the worst Mother’s Day present ever. Real estate attorney Mitchell Kossoff allegedly forged his 94-year-old mother’s signature to take out more than $2 million in loans before he went AWOL earlier this month. Kossoff, who went radio-silent in early April when clients began asking about their escrow accounts, took out $2.6 million in August and January in merchant cash advances — essentially a kind of corporate payday loan where a firm sells its future revenues in exchange for up-front cash. Kossoff agreed to pay back $3.7 million, according to a lawsuit filed two weeks ag...

After name partner goes missing, lawyers get no paychecks; clients allege millions of dollars in lost funds - Vimarsana News

After name partner goes missing, lawyers get no paychecks; clients allege millions of dollars in lost funds

Law Firms After name partner goes missing, lawyers get no paychecks; clients allege millions of dollars in lost funds   Image from Shutterstock.com. Legal woes are mounting for Kossoff name partner Mitchell Kossoff, who is facing lawsuits from clients alleging the theft of millions of dollars in escrow funds and the resignations of multiple lawyers from his New York City real estate law firm. Lawyers at the law firm say they haven’t heard from Kossoff since April 1, and they are not receiving paychecks, Law360 reports. An involuntary bankruptcy petition filed against the Kossoff firm alleg...

NY Judge To Freeze Accounts Tied To 'Missing' Atty's Firm - Vimarsana News

NY Judge To Freeze Accounts Tied To 'Missing' Atty's Firm

A New York state judge on Monday moved to freeze multiple bank accounts associated with Manhattan real estate firm Kossoff PLLC after numerous clients came forward last week claiming that managing partner Mitchell Kossoff is missing, along with millions in their funds.

Source: law360.com
Landlords Try to Force Mitchell Kossoff To Bankruptcy - Vimarsana News

Landlords Try to Force Mitchell Kossoff To Bankruptcy

Mitchell Kossoff (Photo via Kossoff, PLLC) Real estate investors who say they’ve been scammed out of millions in escrow funds from attorney Mitchell Kossoff’s law firm now want to push the firm into bankruptcy. A group of four investors filed a petition for involuntary bankruptcy Tuesday against Kossoff PLLC, listing slightly more than $8 million in “misappropriated” escrow funds, filings with New York’s Southern District bankruptcy court show. A representative for the Kossoff firm could not be immediately reached. The company has taken down its website since The Real Deal first re...