Prominent Miami developers plead guilty for $36M affordable housing scheme

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The federal prosecution of an elaborate affordable-housing racket that cost taxpayers $36 million has reached a critical turning point this week: Four prominent Miami developers and a major Fort.

The South Florida men who engineered a scheme to steal millions of dollars for affordable housing are pleading guilty. Four prominent Miami developers and a major Fort Lauderdale contractor.

Investment adviser pleads guilty in multimillion-dollar real estate scam Gary Basralian, 70, pleaded guilty before U.S. District Judge Madeline Cox Arleo in Newark federal court to an information charging him with one count of wire fraud and one count of investment adviser.

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Coconut Grove-based Housing Trust Group closed on construction financing for a $36 million affordable housing development in south Miami-Dade. HTG plans to break ground on the 150-unit project at.

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The scheme had been backed by high-profile. agreed local plan to make room for executive housing on this treasured greenbelt area. ‘For over 25 years, local communities have fought against.

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Former Carlisle CEO pleads guilty to m affordable housing fraud scheme september 13, 2016 01:48PM A former CEO of Carlisle Development group pleaded guilty to participating in a $36 million.

CoreLogic: September completes 41,000 foreclosures National foreclosure inventory declined by 24.5% and completed foreclosures dropped 6.9% compared in May from the same month a year earlier as the number of completed foreclosures fell from 41,000.

Boggio was the last of the six defendants to plead guilty in the scheme, which prosecutors say involved getting federal tax credits and money from Florida Housing Finance Corp. to build low-income.

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The fine was levied Friday, but not made public. Also last Sunday, New York Jets strength and conditioning coach Sal Alosi stuck out his knee and tripped Miami’s Nolan Carroll. Alosi was suspended.