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One of the many companies also named in the civil suit is 1178 Gates Ave. Inc., which is the address of the above building in Brooklyn.
By Forum Staff
The United States has filed a civil complaint in federal court in Brooklyn seeking damages and penalties against three individuals including two borough residents and multiple companies alleged to have engaged in a wide-ranging mortgage fraud scheme to defraud the government, federal prosecutors announced Monday.
The complaint alleges that Iskyo Aronov, of Middle Village; Ron Borovinsky, of Hollis Hills; and Michael Konstantinovskiy, of Roslyn Heights, and companies that they owned or controlled, engaged in fraudulent short sales of residential properties insured by the Federal Housing Administration of the U.S. Department of Housing and Urban Development. The suit is brought pursuant to the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act.
The complaint unsealed Monday alleges three individuals and several companies they owned or controlled engaged in False Claims Act violations involving short sales of properties that had Federal Housing Administration-insured mortgages.