Self-proclaimed ‘Wolf of Airbnb’ indicted for scamming the big apple town landlords, abusing surgical process loans
People walk past the Criminal Courts building and District Attorney's workplace in Manhattan in 2021A real-estate capitalist United Nations agency calls himself the "Wolf of Airbnb" was indicted for defrauding the big apple town landlords whereas neglecting to pay rent, federal prosecutors declared weekday.
Konrad Bicher, 31, is charged with 2 counts of wire fraud and one count of aggravated fraud. The Hialeah, Fla., resident is additionally defendant of fraudulently getting over $565,000 in bank check Protection Program (PPP) loans, that were meant to assist little businesses throughout the COVID-19 pandemic.
Officials with the U.S. Attorney’s workplace within the Southern District of recent dynasty assert that Bicher "brazenly" chartered a minimum of eighteen residences with no intent of paying rent, in operation the properties as "mini-hotels."
"When landlords wanted to recover rental payments from Bicher, he song and claimed that he couldn't create payments throughout the pendency of the COVID-19 pandemic," U.S. professional Damian Williams same during a statement. "At constant time, Bicher obtained many thousands of bucks in surgical process cash supported multiple dishonest applications."
Bicher and his associates refused to pay over $1 million in outstanding honest market charges between July 2019 and Apr 2022. The capitalist continuing to lend the properties when his leases terminated, creating a minimum of $1.17 million in financial gain by listing the rentals on Airbnb.
"Bicher abused government programs and tenant protections meant to profit New Yorkers in crisis, and he can ought to declare his conduct.," U.S. professional Damian Williams same.
"As alleged, the litigant with pride dead multiple schemes to rook each non-public entities and therefore the us government for his own personal profit," FBI Assistant Director-in-Charge Michael J. Driscoll same.
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