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Buffalo

Buffalo building inspectors are moving to demolish at least four more houses flipped by AbdulAziz HouHou as they check out all 160 houses bought, sold or brokered by the imprisoned Kuwait real estate executive and his associates. The move comes in response to a Buffalo News story detailing how the houses were swept up in what Kuwaiti authorities describe as a $140 milli…

Business

When a federal judge asked Rochester-area businessman Kevin Morgan to explain his criminal wrongdoing in a $167.5 million mortgage fraud case, Morgan began his statement with these words: “At the direction of my uncle.” Those six words could foreshadow where prosecutors are heading with the ongoing investigation into Morgan Management and Morgan Communities, a group of …

Buffalo

Their sons have been indicted in a mortgage fraud case that extends from Western New York into other states. Now their fathers – two brothers from Rochester who have been central to the Morgan Management empire – are deepening their court fight over money. The company, now known as Grand Atlas Property Management, owns or manages more than 30,000 residential units and a…

Business

Federal agents seized so many computerized records in their raid on Morgan Management's headquarters in May, prosecutors have blown through their July 27 deadline to turn them over to defense lawyers and still need months more to accomplish the task. "We seized a number of devices," Assistant U.S. Attorney Douglas A. Penrose said during a status conference Monday in the…

Buffalo

Robert C. Morgan's brother is suing him. Two of his company's loans are in danger of imminent default. And the developer faces a new hurdle if he wants to borrow money again. Strain is showing at Morgan Management, the Pittsford-based real estate empire with two executives facing federal fraud charges. Morgan Management in recent weeks sold four apartment complexes i…