First Person

Steven Rubenoff. (Photo: Shao-yu Liu)

The Tax Man Skimmeth: Could I Trust an Accountant Who Once Stole $1.2M?

My widowed mother is 89 and has dementia. Last year, she gave me power of attorney and I took charge of managing her finances. Still, I didn’t think too much of it when the accountant who had been preparing her taxes found another job and my mother’s file, along with mine, was reassigned to someone else at the same firm.

I Googled our new accountant’s name, mostly out of habit. I don’t know exactly what I expected to find, but it certainly wasn’t a 2008 press release from the Nassau County District Attorney’s Office announcing that he had pleaded guilty to stealing $1.16 million from DV Capital LP. Read More

All in the Family

Lender Accuses Prominent Father and Son Team of ‘Fraudulent Conduct’

Yet another battlefront has opened in the war between investors looking to wring profit from recession-hobbled real estate projects: the Gem Hotel in Chelsea, a project so dysfunctional that one lender has, in a lawsuit, accused the prominent father and son team behind the hotel, Todd and Martin Cohen, of “[p]remeditated, outrageous and fraudulent conduct.” Read More