Gershon Barkany | Chicago Securities Fraud Attorneys Investment Arbitration Law Firm

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Friday, March 29, 2013

Gershon Barkany

Yesterday the FBI arrested Gershon Barkany based on a criminal complaint alleging that the Far Rockaway man defrauded investors by promising to use their money in “risk-free” deals to purchase and then immediately re-sell at a profit large real estate properties located in New York City and New Jersey. In fact, the complaint alleges that no such deals existed and the defendant defrauded victims of more than $50 million.                                                                    

According to the criminal complaint Barkany induced at least five investors to wire transfer large sums of money supposedly to purchase real estate in Manhattan, Queens, the Bronx, and Atlantic City, New Jersey. According to one of the investor victims, Barkany claimed that the sellers of these properties would only close on the real estate sales contracts after Barkany had located a purchaser who would be willing to buy the property from Barkany at a higher price. In that way, Barkany assured the victim that the real estate deals would be “risk free.”

We are examining potential targets for investors to pursue lawsuits against including the banks that received the wire transfers.  To learn about legal options for recovering Gershon Barkany related investment losses, please contact us or visir www.PonziRecoveryCenter.com