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Mitch Kossoff Case Reflects Lax Escrow Oversight

The case against attorney Mitch Kossoff is shining a light on lax escrow oversight, one in which laws are more punitive than preventative. ....

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Landlords Try to Force Mitchell Kossoff To Bankruptcy

Mitchell Kossoff (Photo via Kossoff, PLLC)
Real estate investors who say they’ve been scammed out of millions in escrow funds from attorney Mitchell Kossoff’s law firm now want to push the firm into bankruptcy.
A group of four investors filed a petition for involuntary bankruptcy Tuesday against Kossoff PLLC, listing slightly more than $8 million in “misappropriated” escrow funds, filings with New York’s Southern District bankruptcy court show.
A representative for the Kossoff firm could not be immediately reached. The company has taken down its website since
The Real Deal first reported last week that founder Mitchell Kossoff seemed to have disappeared, leaving several of the city’s biggest multifamily landlords concerned about what happened to their escrow funds. Tuesday’s lawsuit also contends he has not been located. ....

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NYC Real Estate Attorney Mitchell Kossoff Vanishes

Mitchell Kossoff (Photo via Kossoff, PLLC)
An attorney who handles funds for some of New York’s biggest multifamily landlords seems to have disappeared, leaving his clients worried that millions of dollars placed in escrow accounts have as well, sources with knowledge of the scandal told The Real Deal.
Mitchell Kossoff, managing partner of Kossoff PLLC, has been unreachable for several days by his partners at downtown Manhattan law firm and the landlords for whom he holds millions of dollars in escrow accounts, according to clients who have attempted to contact the firm.
Kossoff could not be reached for comment, and the partners at his firm did not respond to multiple requests for comment. ....

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Attorney Mitchell Kossoff Faces Lawsuits After Disappearance

Mitchell Kossoff (iStock, Kossoff, PLLC/Illustration by Kevin Rebong for The Real Deal)
Three more landlords have come forward with claims that real estate attorney Mitchell Kossoff owes them hundreds of thousands of dollars.
Kossoff, the managing partner of Kossoff PLLC, has been unreachable for several days both by his partners at the firm and his clients,
The Real Dealreported Wednesday. His disappearance has raised questions about the whereabouts of his clients’ millions.
Now, one lawsuit and two judgments of confession have been filed in New York State Supreme Court against Kossoff and his eponymous law firm. That’s in addition to a separate lawsuit, previously reported by ....

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