From the NY Post:A Queens couple pleaded guilty today for building and selling residential property, in violation of a lifetime ban they agreed to 14 years ago.
Thomas Huang, 59 and his wife Alice, 60, will pay $4.8 million to the state Attorney General's Office by Sept. 18 in exchange for avoiding up to four years in prison for their involvement in building the Broadway Towers in Elmhurst.
Despite the 1999 agreement to a lifetime condo and co-op ban, prosecutors today said the couple would have been OK to develop and sell condos and co-ops units, if they had reapplied for that right to the state AG’s office. ??????
The lifetime ban was the settlement of a state AG’s lawsuit, which had accused the couple of failing to use rental money they collected on important maintenance in buildings they owned.
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