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Rochester developer Robert C. Morgan is already free to sell or transfer his properties without interference from government prosecutors, even without a desired court order, a federal court said this week. Attorneys for Morgan and other developers had sought the court's intervention because they said the government's words and actions were hindering their ability to sel…

Business

National mortgage finance company Fannie Mae and a major provider of title insurance for commercial properties are ordering extra scrutiny for any new purchase or refinance transactions involving properties owned by Rochester developer Robert C. Morgan. The new directives from Washington, D.C.-based Fannie Mae and Stewart Title Insurance Co. demonstrate a tightening of …

Business

A 114-count federal indictment unsealed Wednesday against Robert Morgan, Michael Tremiti, Todd Morgan and Frank Giacobbe alleges crimes were committed from 2007 through 2019 involving $285.65 million in mortgage loans in Buffalo, Rochester and Syracuse areas, as well as in Pennsylvania and Indiana. The charges carry a maximum penalty of 30 years in prison and fine of more …

Amherst

The federal fraud indictment that points an accusatory finger at two executives of Rochester's Morgan Management and two mortgage brokers also creates unwanted attention for two other players in Buffalo's real estate industry. While Brett Fitzpatrick and Aaron Siegel have not been charged or even named, last week's indictment alleges fraud occurred with one of their pro…

Business

The last of four Buffalo and Rochester defendants charged in an elaborate scheme to defraud lenders and investors out of millions of dollars in commercial real estate loans pleaded not guilty Tuesday morning to bank and wire fraud. Kevin Morgan, a vice president at Rochester-based Morgan Management and Morgan Communities, was arraigned before U.S. Magistrate Judge Kenne…

Local News

Staged apartments. Fake loans and leases. And a woman who pretended she was a tenant but couldn't let inspectors into a bedroom because her boyfriend was "sleeping" there. The fraud charges leveled Tuesday against two Buffalo commercial mortgage brokers and two relatives of Rochester apartment mogul Robert Morgan shined a bright light on the underbelly of the murky worl…

An associate of the Schuele Boys gang Friday pleaded guilty to conspiracy to distribute cocaine, a charge which carries a maximum penalty of 20 years in prison. Andre Jackson, 29, appeared in U.S. District Court before U.S. Judge Lawrence J. Vilardo, officials said. According to Assistant U.S. Attorney George C. Burgasser, who is handling the case, between June 2013 …

A federal grand jury Tuesday returned an indictment charging two fugitives with the robbery of an Evans Bank on Niagara Falls Boulevard in the Town of Tonawanda more than a year ago. Waqar Ghumman, 27, and Mohsin Zamir, 31 --  both are still at large -- were each charged with entering a bank with intent to commit a larceny and bank larceny. The charges carry a maximum p…