Queens tenants at condo had to pay fees and fines to Mafia thugs, feds say: "Gambino gangsters controlled a condo board in Queens and extorted tens of thousands of dollars in bogus and inflated fees from owners when they tried to move, the feds say.
Testifying at the trial of reputed hit man Charles Carneglia, former residents of the Greentree Condominiums in Ozone Park said they were slammed with steep last-minute charges for 'failure to comply with condo bylaws.'"
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Imagine that. The mob looked at the way condos are organized and figured out that you can use a condo board to milk the owners.
5 comments:
Sounds similar to what's going on with the Las Vegas FBI investigation, doesn't it?
CAI has been doing this for decades. They've even tried to give everything the appearance of being on the "up-and-up" by publishing some of their positions as "Public Policies" - they just don't give the real reason why.
Try selling in Texas and you'll get the shakedown at the closing table. CAI management companies want to ensure checks are written directly to them to keep everything off the books of the HOA. Certificate of compliance fees, resale certificate fees, transfer fees, entry fees, advance fees, collection fees, handling fees, administrative transfer fees (different from the other transfer fee), and of course purported fines, attorney fees, and other charges trumped up for the first time at the closing table.
Check this recent story out in Texas:
http://www.myfoxdfw.com/dpp/news/Investigation_Homeowners_Hell
Sounds like accounts from Pennsylvania, in some of these groups!
Sounds like accounts from Pennsylvania, in some of these groups!
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