Report: Rockland Real Estate Investment Partner Pleads Guilty in Ponzi Scheme

A former partner in a Rockland County real estate investment fund believed to be a Ponzi scheme, which went bankrupt eight years ago, pleaded guilty last month to a federal charge of withholding information on a crime. According to the Westchester County Business Journal, former FKF3 partner Mitchell Klein could testify against his ex-partners, developer John Magee and Burton Dorfman, a former Rockland assistant district attorney and prominent local lawyer. U.S. Trustee Gregory Messer has filed a lawsuit against the trio to recover investors’ money. Messer claims damages total nearly $101 million. Jury selection in the case is scheduled to begin May 14th in White Plains. Klein’s sentencing is slated for June 26th.

Snow Closings Updated Regularly

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