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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Millions Owed To New York City Tenants

NEW YORK CITY LANDLORDS' VERSION OF PONZI SCHEME

NEW YORK, May 26 /PRNewswire-USNewswire/ -- City Council Candidate Aaron Fraser will be asking Local and Federal authorities to look into what he believes amounts to a Ponzi scheme.

"New York City Landlords are charging tenants exorbitant amounts of rent for illegally converted apartments," says Aaron Fraser, "and there appears to be widespread abuse of the Mitchell-Llama Tax exemptions and not abiding by the Mitchell Lama rental guide lines. Some landlords are neglecting to register their buildings with the DHCR so there are no records as to how much rent should be paid for each unit. Landlords are also sending section 8 residents to real-estate agents who charge massive fees for their apartment finding services.

One such Landlord, of 1380 University Avenue in the Bronx, has been charging tenants for electricity as part of their rent, even though he has not paid the electric bill in years. This amounts to fraudulent charges on the part of the landlord for services that he has not been providing. To date, this landlord is 141,820.21 dollars in arrears to Con-Edison. Potentially, this could result in hundreds of millions of dollars in monies being owed to tenants across the city who were victims of unscrupulous landlords.

In order to address these issues, residents of 1380 University Avenue, along with other victimized citizens, will be demonstrating at City Hall on May 28, 2009 at 11:00 A.M., asking Mayor Bloomberg, Elected officials and The Bronx District Attorney to look into the matter.

We are also asking all concerned citizens, community activists, potential candidates, clergy and Political Action Committees to attend the event.

Friends 4 Fraser

Aaron Fraser

City Council Candidate

PO Box 210241

Brooklyn, NY 11221

aaron@aaronfraser.org

http://www.aaronfraser.org

1-800-304-5913

347-351-7343

SOURCE Friends 4 Fraser

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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