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Jury Finds Makhani Guilty in $4.7M Deed Theft | Real Estate News
Description
A 63-year-old real estate con artist just got his comeuppance: a jury convicted Joseph Makhani of stealing deeds to two Harlem brownstones worth $4.7 million, sentencing him to up to 25 years in prison. Using forged documents and shell companies, he stole a 2012 deed from an elderly homeowner, then rented out units for thousands while securing loans based on the stolen property. He pulled off a second heist in 2013 by tricking a tenant into signing fake papers after a beneficiary died, transferring the deed to his own company. This isn’t his first rodeo—he and his brother were convicted in 1999 for a foreclosed property scam, and his companies later pleaded guilty to filing false deeds. Now, this case is part of a state-wide crackdown, fueled by new legislation that officially criminalized deed theft, giving prosecutors the tools to shut down these predatory schemes once and for all.
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