New York Magazine:
Even in a city filled with bad landlords, Steven Croman stood out. A regular on “worst landlord” lists, his company would buy up Manhattan apartment buildings, then push for tenants in rent-regulated apartments to leave, either by buying out their leases or, tenants said, harassing them until they left. Then, once he deregulated the rent-stabilized apartments, he would charge much higher rents. But this morning Croman was charged with 20 felonies, including grand larceny, falsifying business records, and a scheme to defraud; he faces up to 25 years in prison.
That’s not all the bad news for Croman: The Times reports that the New York state attorney general’s office also sued Croman today, seeking to force him not just to give up his real-estate business, but to pay millions of dollars in restitution to tenants and penalties. In its lawsuit, the attorney general’s office, which investigated Croman for nearly two years, accused him of harassing and coercing “countless working-class and low-income families out of their longtime homes.”