NEW YORK -- (WPIX) -- A man who made his money by displacing rent stabilized New Yorkers will soon have a new home: Rikers.
Notorious Manhattan slumlord Steve Croman was transferred to Rikers and will spend the next year there, Attorney General Eric Schneiderman said Tuesday. Croman, who was convicted for fraudulently refinancing loans and committing tax fraud, will also have to pay a $5 million tax settlement to New York.
“The measures Mr. Croman took to boost his own bottom line – while blatantly disregarding the wellbeing of his tenants – are shocking,” Schneiderman said. “A booming real estate market is no excuse for criminal activity aimed at displacing New Yorkers already struggling with high rents.”