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FOR IMMEDIATE RELEASE |
CONTACT: Erin Duggan |
DISTRICT ATTORNEY VANCE ANNOUNCES THE GUILTY PLEA OF HENRY VARGAS
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Manhattan District Attorney Cyrus R. Vance, Jr., today announced the guilty plea of HENRY VARGAS, 36, who attempted to sell a commercial building he did not own to the New York Road Runners, a Manhattan not-for-profit running organization that offers year-round races, including the ING New York City Marathon. VARGAS pled guilty to Attempted Grand Larceny in the First Degree and Forgery in the Second Degree. VARGAS is expected to receive a sentence of 5 to 10 years in state prison pursuant to today’s plea. VARGAS admitted in court today that he fraudulently passed himself off as the majority owner of the building, located at 21-41 Lenox Avenue, just north of Central Park, using false statements and forged documents to trick investors into believing that he was the majority owner of the LLC that actually owns the building. In the fall of 2008, VARGAS entered into a contract to sell the building to the New York Road Runners for $8.5 million. Pursuant to that agreement, the New York Road Runners made a $1 million down payment into an escrow account. Assistant District Attorneys Sally Pritchard and Peirce R. Moser of the Special Prosecutions Bureau handled the prosecution under the supervision of Assistant District Attorney Thomas Wornom, Chief of the Special Prosecutions Bureau. Detective Michael Turck of the District Attorney’s Office Squad assisted in the investigation, under the supervision of Captain Ronald Haas, Commanding Officer of the District Attorney’s Office Squad.
Defendant Information: HENRY VARGAS, 2/23/19741122 130th Street College Point, New York Charges:
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