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Re: LLs/Managers Indicted -- Newsday story continued

Posted by Mark Smith on June 23, 1999 at 13:43:45:

In Reply to: Re: LLs/Managers Indicted -- Newsday story posted by Mark Smith on June 23, 1999 at 13:40:51:

Among those charged were Marvin Gold, 67, president of Marvin Gold Management, who was accused of collecting $1.5 million in kickbacks, and Arnold Zabinsky, 48, of Oyster Bay, president of Elm Management, who allegedly received $645,199 in kickbacks. Both were being arraigned late yesterday and could not be reached to comment. "It is a sad indictment of the industry; pretty brutal, pretty bad," said Richard Barry, president of Century Management Services, which acquired most of Elm Management's operations in December. "Unfortunately these people didn't learn last time," he added, referring to an ongoing investigation of the industry that began in 1994. Marvin Gold Management, which handled 21,000 apartments, was purchased late last year by Arco Management. "We are satisfified that Arco is an ethically and honestly run company," said Mary Shannon Little, the compliance monitor of the new company. She said five of those charged are still at the company. "They will be handled on a case-by-case basis on whether their employment with Arco will continue," she said. A number of the alleged ripoffs occurred in Queens. For example, an indictment charged that Angelo Scudiero, 64, of Whitestone, the building manager of Dayton Towers in Rockaway Beach, collected more than $1 million in kickbacks and shared the proceeds with others at Marvin Gold Managment. Dayton Towers was developed under the Mitchell-Lama program. Sheldon Lieberman, 53, a board member of Linden Hill 1 Coop Corp. in Flushing, was charged with taking more than $35,000 in kickbacks. In another Queens case, Mohamed El-Goarany, a board member at Park City 3 & 4 Apartments in Rego park, was charged with receiving a $36,000 kickback on a waterproofing contract that exceeded $1 million. Edwin Stover, 38, a resident of Park City for four years and its former chief of security, defended El-Goarany. "I do not believe Mohamed would embezzle money," he said. "I think he's a straight-up, stand-up guy . . . he is very professional."

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