NY RE Agent and Homeless Services Official Arrested For Fraud
You would have to be a pretty weak real estate agent to try to defraud a homeless agency for providing homes to the indigent. That act unto itself will not lend itself to a very good reception to whatever higher being you worship.
But the sum of stealing 25 thousand dollars as a licensed real estate agent in New York is also nuts. You would think that 25 thousand dollars at 3 percent is only selling 830 thousand dollars in real estate. If you were in Detroit I could almost understand it, but in New York where this is occurring “Manhattan had the highest average sales price of apartments at $1,107,000. Brooklyn was second at $441,000 and Queens followed at $257,000.” , you would think that a couple of sales and you could make the 25 thousand dollars legitimately.
I will never understand the level of peoples greed.
Arrested were Raphael Agbune, a staff analyst with the New York City Department of Homeless Services, and Linda Loving, a New York State licensed real estate broker, for fraudulently obtaining or attempting to obtain over $25,000 in real estate broker’s fees from the DHS Housing Stability Plus program.
According to the Indictment filed in Manhattan federal court, from March 2005 through January 2006, Agbune used his position at DHS to fraudulently authorize payment of broker’s fees to Loving, fees to which Loving was not entitled.Loving did not act as a broker in any of these transactions. The two are accused of embezzling, and attempting to embezzle, $25,750. via Empire State News
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
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