As chief of executive officer of Grameen America, a micro-lender founded by Nobel Peace Price winner Muhammad Yunus, and a partner at prepaid debit card company NetSpend, Stephen Vogel knows a thing or two about the “unbanked”—the 60 million Americans without bank accounts. Thankfully, Mr. Vogel and his wife, Laurie, are not among them: the couple dropped $6.6 million on a unit at the Beresford at 211 Central Park West, according to city records.
The eighth floor unit, which the Vogels bought from Donald and Leila McCollum, was poised to enter the sparsely-populated ranks of New York City co-ops to be foreclosed on, according to The Real Deal. Fortunately, the couple’s attorney finally convinced lender JPMorgan Chase to let them save face by selling it themselves and paying back the $1 million lien. Read More