Broker faces fraud charges for allegedly stealing millions from 91-year-old investor

Real estate broker Lyndon Chin has been indicted for obtaining $8.5 million in unauthorized mortgage loans for properties that belonged to a 91-year-old man, according to the Manhattan District Attorney’s Office. Chin has been charged with two counts of first-degree grand larceny. He had previously acted as a real estate broker for his victim and used the knowledge he gained doing this to falsify documents in his company’s name and land $5 million in mortgage […]

Source: Real Estate

Leave a Reply

Your email address will not be published. Required fields are marked *