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A Bergen County real estate broker was sentenced to a year and a half in federal prison for his role in a $4.6 million “short-sale” scheme.
Steve Young Kang, 66, of Ridgefield, and others sold properties to an accomplice, Mehdi Kassai, for substantially less than they were worth, Acting Principal Assistant U.S. Attorney and Executive Assistant U.S. Attorney Rahul Agarwal said.
The conspirators used false documents, straw buyers and cosmetic property damage, while also restricting the ability of others to bid on and buy those properties, Agarwal said.
Kassai then “sold many of those properties to third-parties at a substantial profit,” conning financial institutions out of $2.7 million, he said.
Rob Menendez Jr., the son of U.S. Senator Robert Menendez, was unanimously confirmed along with three other of Gov. Phil Murphy’s nominees to the Port Authority of New York and New Jersey board of commissioners by the state Senate Thursday. Michelle Richardson, executive director for the Hudson County Economic Development Corporation, and Cliffside Park Councilwoman Dana Martinotti were .
Murphy nominates Sen Menendez s son to high-profile Port Authority post nj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nj.com Daily Mail and Mail on Sunday newspapers.
Press Releases April 15, 2021, 9:59 am | in
Governor Murphy Announces Nominations for Port Authority of New York and New Jersey Board of Commissioners
TRENTON – Governor Murphy today announced his intent to nominate Michelle Richardson, Dana Martinotti, and Robert Menendez, Jr. to the Board of Commissioners of the Port Authority of New York and New Jersey. The Governor also announced his intent to re-nominate Commissioner Kevin McCabe.
“It is my pleasure to nominate this group of experienced and capable professionals to the Board of the Port Authority of New York and New Jersey,”
said Governor Murphy. “I know that Michelle, Dana, and Rob will continue and build upon the great work that Kevin and the other Commissioners have done over the years.”
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For years, the city’s politics have been so under the control of the Democratic
machine that primary contests have basically been an afterthought. A mayor announces retirement and a party-backed candidate coasts to victory in the primary.