Word: condominium
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Dates: during 1990-1999
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With the other defendants, Walsh--a practicing lawyer and a longtime supporter of developer rights in the city--is accused of allegedly making false down payments on condominium projects to inflate prices and secure larger mortgage loans for other investments...
Walsh was one of 19 people indicted for allegedly defrauding Dime Savings Bank of New York of about $8 million for condominium developments in Massachusetts...
Justice Department officials are currently investigating if Walsh artificially inflated condominium prices to obtain larger mortgages from banks and prevent the failure of his 70-unit condominium development in Weymouth...
...addition, rent control activists contend that Walsh's investments in rent control properties have been converted to uncontrolled condominium developments...
Three major condominium projects--Thomas Graves Landing, River Court, and the Esplanade--have also been built, he notes...