Israeli Prime Minister Under Suspicion For Real Estate Fraud Also

EhudOlmertThis is nothing unusual, politicians taking a sweetheart deal on a piece of prime real estate, but the Prime Minister of Israel Ehud Olmert has probably crossed the line by taking a property for 500,000 dollars below market value and then giving special consideration those very same contractors for permits.

Lindenstrauss’s statement came in response to a report in the Haaretz daily that Olmert is to be questioned about the real estate deal in which he allegedly bought a Jerusalem apartment for about $500,000 below its market value. In exchange, Olmert associates allegedly helped the contractor obtain unusual permits from the Jerusalem municipality, Haaretz said in the report. via Jerusalem Post.

Related posts:
  1. Senate Looks To Allocate $200 Million For Real Estate Fraud Prosecution
  2. Real Estate Investors Driving Market?
  3. Canada’s Real Estate Market Recovering
  4. Commercial Real-Estate Sales Plummet in July, 2009

« « Chicago Alderman Vrdolyak Implicated in Real Estate Fraud| Manhattan Rental Market Going Crazy – 1 Bedroom Apartments – 3,000 a Month? » »

Post a Response

« Back to text comment
  • Popular

    Most Comments

    Search

    Tags

    Archives

  • Recent Comments

    • My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
      Brandon | 20Mar10 | More
    • I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
      Bill Hernandez | 19Mar10 | More
    • Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
      Marc Brodeur | 19Mar10 | More
    • Great to hear that the big boys are predicting recovery sooner than most think. Thanks for the value!
      Mark Arenella | 19Mar10 | More
    • I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
      Austin Mortgage | 19Mar10 | More
    • an add on to my previous comment--I suppose nationally it's hard to tell, but each city and market is in ...
      Austin Mortgage | 19Mar10 | More
    • Hmm.....interesting. Of course, I would love to see the real estate market bounce back as quickly as possible, but just ...
      Austin Mortgage | 19Mar10 | More
    • I live in the Philippines and I am glad we are not on the lists...
      homes for sale in chandler az | 19Mar10 | More
    • I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
      Jack | 18Mar10 | More
    • I see the question I have, but no response. I do not have a for sale sign up ...
      Judi | 18Mar10 | More
  • Statistics

  • Friends

  • Subscribe





    Get Updates Delivered Daily By E-Mail:

    Delivered by FeedBurner