Extract
Co-op indictments continue.
More indictments are expected this week against cooperative and condominium managers who have been allegedly involved in vendor kickback schemes. Additionally, sources say this time board members and contractors will be among the dozens more expected to be facing charges. There will be architects and engineers facing the judge, sources said, as well as a few company principles that have already sold their companies.
On June 11th, seven managing agents and one superintendent were indicted for various degrees of grand larceny and schemes to defraud. All were indicted on other counts as well. If convicted, they could be sentenced to jail terms of from four to 15 years, a ra...See the full content of this document
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