Sleazy treasurer left Westchester Trump Tower a financial mess: suit (NY)

The other Trump Tower — in White Plains — is in financial trouble after the condominium discovered its longtime treasurer had been allegedly stealing cash for years, according to a lawsuit filing.  Frank Palazzolo, a real estate investor who was named one of the city’s 10 worst landlords by a former city housing commissioner, used the condo’s funds as his own personal “piggy bank” and covered his tracks with fake account statements, according to a suit brought by the condo board on Monday.  The alleged theft, which the condo estimates at $1.3 million, has left the Westchester Trump Tower “in a precarious financial position — unable to pay for basic services and exposed to significant litigation risk,” said the Manhattan federal court filing.    Read the article……………


Related Articles

Siena Golf Club homeowners offered chance to save course (NV)

More than 800 golf courses have been shuttered nationally in the past decade because of financial distress and other issues,

Condo residents living next to Green Hills mausoleum file damage claims against Rancho Palos Verdes (CA)

Residents living in an apartment complex neighboring Green Hills Memorial Park have filed damage claims with the city of Rancho

N4T (AZ) Investigators: Tenant upset over HOA decision over “dog” fence

Is it a reasonable enforcement of the rules, or did one man’s homeowner’s association go too far? Dan D’Agostino has