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Landlords try to push AWOL attorney Kossoff into bankruptcy (NYC)
The Real DealReal estate investors who say they’ve been scammed out of millions in escrow funds from attorney Mitchell Kossoff’s law firm now want to push the firm into bankruptcy.
A group of four investors filed a petition for involuntary bankruptcy Tuesday against Kossoff PLLC, listing slightly more than $8 million in “misappropriated” escrow funds, filings with New York’s Southern District bankruptcy court show.
A representative for the Kossoff firm could not be immediately reached. The company has taken down its website since The Real Deal first reported last week that founder Mitchell Kossoff seemed to have disappeared, leaving several of the city’s biggest multifamily landlords concerned about what happened to their escrow funds. Tuesday’s lawsuit also contends he has not been located.
The Manhattan district attorney’s office is also investigating Kossoff, Law360 previously reported.
A group of four investors filed a petition for involuntary bankruptcy Tuesday against Kossoff PLLC, listing slightly more than $8 million in “misappropriated” escrow funds, filings with New York’s Southern District bankruptcy court show.
A representative for the Kossoff firm could not be immediately reached. The company has taken down its website since The Real Deal first reported last week that founder Mitchell Kossoff seemed to have disappeared, leaving several of the city’s biggest multifamily landlords concerned about what happened to their escrow funds. Tuesday’s lawsuit also contends he has not been located.
The Manhattan district attorney’s office is also investigating Kossoff, Law360 previously reported.
Perhaps Bernie Madoff will be getting a cellmate?
3 replies
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= new reply since forum marked as read
.... out in the middle of the Pacific Ocean. It is about 10 acres with a nice 25 bedroom mansion.
