“Our relentless focus on integrity in construction and development continues with this indictment of top executives of a publicly-traded company who flaunted New York’s construction lien laws,” Vance said in a statement.
“As alleged, Melissa Ringel violated her oath as an official of the court when she brazenly circumvented the rules to assist her husband, Frank Esposito, and his client, during the sale of a multimillion-dollar penthouse near Central Park,” said District Attorney Vance.
Manhattan District Attorney Cy Vance, Jr. today urged the Biden administration to pursue bold new measures to help prosecutors further combat money laundering and financial fraud now that Congress has passed the Corporate Transparency Act, a “laudable first step” in this fight.
“While diamonds may be forever, this flawed scheme was not, and now Mr. Modi will face the clarity of a New York Supreme Court indictment,” said District Attorney Vance.
“If left undetected, this former employee’s alleged tampering could have cost Century 21 more than $50,000,” said District Attorney Vance.