From the New York Times “Bernie Madoff of Landlords Pleads Guilty”
Steven Croman has been so loathed as a landlord that his tenants started a website against him. When he was charged in May 2016 with 20 felonies punishable by up to 25 years in prison, the attorney general described him as the “Bernie Madoff of landlords.” The night of his arrest, a pizza joint in the East Village offered free rosé wine to anyone who mentioned his name.
On Tuesday, Mr. Croman, 50, whose companies own more than 150 buildings citywide, mainly Manhattan apartment complexes with rent-regulated units, pleaded guilty to three felonies, for fraudulently refinancing loans and committing tax fraud. He agreed to serve a year in the jail complex at Rikers Island and pay a $5 million tax settlement. As part of the deal, the attorney general’s office said it had no other pending criminal investigations of Mr. Croman.
Who is CRI Group?
Based in London, CRI Group works with companies across the Americas, Europe, Africa, Middle East and Asia-Pacific as a one-stop international Risk Management, Employee Background Screening, Business Intelligence, Due Diligence, Compliance Solutions and other professional Investigative Research solutions provider. We have the largest proprietary network of background-screening analysts and investigators across the Middle East and Asia. Our global presence ensures that no matter how international your operations are we have the network needed to provide you with all you need, wherever you happen to be. CRI Group also holds BS 102000:2013 and BS 7858:2012 Certifications, is an HRO certified provider and partner with Oracle.
In 2016, CRI Group launched Anti-Bribery Anti-Corruption (ABAC®) Center of Excellence – an independent certification body established for ISO 37001:2016 Anti-Bribery Management Systems, ISO 19600:2014 Compliance Management Systems and ISO 31000:2018 Risk Management, providing training and certification. ABAC® operates through its global network of certified ethics and compliance professionals, qualified auditors and other certified professionals. As a result, CRI Group’s global team of certified fraud examiners work as a discreet white-labelled supplier to some of the world’s largest organisations. Contact ABAC® for more on ISO Certification and training.