Jared Solomon, after stealing millions of dollars from Vornado, is broke.
“On my monetary incapacity: I’m successfully bankrupt,” the convicted fraudster wrote in an e mail to his lawyer Peter Toumbekis on Friday, presumably from the Metropolitan Detention Middle in Brooklyn the place he’s being held forward of his August sentencing.
Solomon mentioned he can not pay Toumbekis, as his final paycheck got here 15 months in the past, and all of his checking, financial savings, retirement and funding accounts have been liquidated to cowl his household’s fundamental wants.
“As of at present, I’ve a Chase Financial savings account that has a steadiness of $60 (sixty {dollars}) and no matter money stays in my pockets (which I don’t have) however I’d guess someplace within the $40 vary.
Toumbekis instructed the courtroom he was requesting to step down as Solomon’s lawyer.
It won’t be a shock to those that adopted Solomon’s case that he ended up right here. The 48-year outdated was found guilty final month of stealing almost $10 million from Vornado over a 14 yr interval.
He did so by creating phony brokerages to invoice his employer on the opposite aspect of offers he negotiated.
By 2023, Solomon was incomes a wage of greater than $772,000. And after he was fired from Vornado labored at Newmark for a quick interval.
However he instantly spent his unearned wealth. Prosecutors confirmed how the tens of millions in fraudulent dealer commissions have been wired from Vornado into Solomon’s accounts after which nearly instantly withdrawn to purchase properties, automobiles and a rustic membership membership.
Now, the federal government needs to grab these property as a way to repay his victims.
Prosecutors from the Southern District of New York have requested the decide in Solomon’s case to enter a $9.5 million cash judgment in opposition to Solomon. They’re in search of the forfeiture of the Westchester residence he purchased at 3 Beverly Street in Buy for $4.5 million and the Higher East Facet condominium at 23 East 74th Avenue he paid $3.5 million for.
They’re additionally seeking to seize a 2020 Porsche Macan and a 2024 Porsche Taycan, plus his $70,000 membership to the Outdated Oaks Nation Membership.
Solomon is scheduled to be sentenced on August 4. He faces as much as 83 years in jail.
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