New York hassidic family charged in $20 million fraud case

By JTA
November 14, 2014 11:09

NEW YORK  — More than a dozen members of a prominent Satmar Hassidic family in New York were charged with lying to obtain $20 million in mortgages while also receiving hundreds of thousands of dollars in public benefits.

Preet Bharara, the US attorney for the Southern District of New York, and George Venizelos, the assistant director of the New York field office of the FBI, announced the indictments on Thursday charging 14 defendants with conspiracy to commit bank fraud related to mortgages on properties in three counties, two in New York City.

The indictment also charges several of the defendants with additional crimes, including making false statements to lenders, aggravated identity theft and theft of public money. Thirteen of the defendants were arrested Thursday and will be arraigned in federal court in White Plains, NY.


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