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A $95m Apartment - and $60,000 in Monthly Fees

Money On Hook

Maintenance fees in Manhattan have continued to climb throughout the recession even as prices dipped, driven mostly by higher costs of building insurance, underlying mortgages, fuel and building staff, like doormen and supers.

SEC Charges Ex-Jefferies Executive with Defrauding Investors

SEC Logo

The Securities and Exchange Commission has charged a former executive at New York-based broker-dealer Jefferies & Co. with defrauding investors while selling mortgage-backed securities (MBS) in the wake of the financial crisis so he could generate additional revenue for his firm.