Brooklyn developer Eliyahu Ezagui indicted in $18M mortgage fraud

Started by sullivan, April 12, 2009, 05:47:53 AM

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sullivan

April 12, 2009, 05:47:53 AM
BY John Marzulli and William Sherman, New York Daily News
A Brooklyn developer who federal prosecutors say took condo buyers and banks for more than $18 million in an elaborate mortgage scam was indicted Wednesday on bank fraud charges.

The case against Eliyahu Ezagui, 48, who feds say preyed on his fellow Hasidic Jews in Crown Heights, stems from a Daily News investigation last year. Ezagui enticed scores of families into buying the homes but never turned over the deeds, according to the indictment and The News' probe.

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"The real menace of our Republic is the invisible government which like a giant octopus sprawls its slimy legs over our cities, states and nation. At the head is a small group of banking houses generally referred to as \'international bankers.\' This little coterie... run our government for their own selfish ends. It operates under cover of a self-created screen, seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection."
John F. Hylan (1868-1936) - Former Mayor of New York City
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