D.C. Attorney General Files Lawsuit Accusing Alleged “Slumlord Empire” of RICO Violations

“Instead of fixing up the properties, the Razjooyans use the loan proceeds to enrich themselves, pay off loans from previously purchased buildings, and buy new properties to perpetuate the scheme. The buildings then fall into disrepair, forcing hundreds of the District’s most vulnerable tenants to live in horrific conditions, including rodent and insect infestations, gas leaks, electrical hazards, mountains of trash, mold, and flooding.”






VICTORY: Black and Latino Homeowners Targeted by Emigrant Bank’s Predatory Lending Prevail at US Supreme Court

The U.S. Supreme Court declined to grant certiorari on Emigrant’s appeal, ending a more than decade-long effort by Emigrant to escape accountability for predatory loans targeting homeowners of color. Homeowners will now receive $722,000 (plus post-judgment interest) in compensatory damages previously awarded at trial by a jury in the Eastern District of New York.