Boruch “barry” drillman of new york admitted to fraudulently obtaining more than $165 million in loans and fraudulently acquiring real estate properties in ohio and michigan,. The owner of an apartment complex in cincinnati pleaded guilty thursday to engaging in a conspiracy to fraudulently obtain more than $165 million in loans and. In december 2023, drillman pleaded guilty for his role in a $165 million mortgage fraud scheme and now faces up to five years in prison.
The Real Deal Why the Barry Drillman case is such a big deal; Landlord
According to court documents, between 2018 and 2020, boruch “barry” drillman, 36, of new york, conspired with at least four others to deceive lenders into issuing multifamily and commercial.
Boruch “barry” drillman, 36, pleaded guilty wednesday to engaging in an extensive conspiracy to obtain over $165 million in loans and fraudulently acquire multifamily.
Two title insurance companies with ties to lakewood signed off on loans for a real estate investor who later pleaded guilty for participating in a $165 million mortgage fraud. Two days after his plea, he was off to. Castellan now claims that it’s owed nearly $10.8 million, after accounting for interest and fees stemming from drillman’s alleged default, after failing to pay the loan off at its.
