Hager accused of fraud at Williamsburg hotel project – Robert Khodadadian

, Hager accused of fraud at Williamsburg hotel project – Robert Khodadadian, Robert Khodadadian

Isaac Hager recently lost his stakes in two high-profile properties to bankruptcy sales, but that could be the least of his concerns. The Brooklyn developer has been accused of fraudulently transferring $7.2 million from an entity affiliated with a bankrupt Williamsburg hotel project to shield the money from the property’s creditors, a trustee for the creditors alleges. In a complaint filed in federal court, the trustee, Nat Wasserstein of Lindenwood Associates, alleges the “transfers were

 Isaac Hager recently lost his stakes in two high-profile properties to bankruptcy sales, but that could be the least of his concerns. The Brooklyn developer has been accused of fraudulently transferring $7.2 million from an entity affiliated with a bankrupt Williamsburg hotel project to shield the money from the property’s creditors, a trustee for the creditors alleges. In a complaint filed in federal court, the trustee, Nat Wasserstein of Lindenwood Associates, alleges the “transfers were
The post Hager accused of fraud at Williamsburg hotel project appeared first on New York.  Commercial Real Estate, Home Page, Brooklyn, isaac hager, Williamsburg The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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