"Seddio's alleged machinations have stymied the overseas investors' nearly year-long effort to claw back the millions they put into an escrow account as they explored a potential business venture with real estate investor Sam Sprei, according to their federal suit filed this month. It's one of multiple lawsuits filed in state and federal court that the former Brooklyn Democratic Party chairman is facing over his ties to Sprei."
""Seddio has a history of abusing and manipulating the judicial system, including by submitting knowingly false sworn statements," the latest suit from Swiss investor Angelos Metaxas and a New Zealand firm, Pertshire Investments LP, claims. The Brooklyn Federal Court filing accuses the Dem heavyweight of "engaging in blatant forum and judge shopping through which he can utilize his political influence, stemming from his role as the former chair of the Kings County Democratic Committee, in service of Sprei's schemes.""
Frank Seddio, former chair of the Kings County Democratic Committee, is accused of acting as a con artist and using political influence to assist real estate investor Sam Sprei in defrauding overseas investors of two million dollars. Plaintiffs Angelos Metaxas and Pertshire Investments LP filed a federal suit in Brooklyn alleging Seddio manipulated the judicial process, submitted false sworn statements, and engaged in forum and judge shopping to benefit Sprei. Investors deposited funds into an escrow account overseen by agent Mark David Graubard with assurances of return, but have been unable to recover the money after nearly a year. Multiple state and federal lawsuits, including a RICO claim by David Sofer, list Seddio as an attorney or defendant.
Read at New York Post
Unable to calculate read time
Collection
[
|
...
]