Friday, May 18, 2007 |
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Real estate broker and city DHS employee charged with fraud |
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Federal and New York City officials Thursday announced the arrests of two people on fraud charges. Arrested were Raphael Agbune, a staff analyst with the New York City Department of Homeless Services, and Linda Loving, a New York State licensed real estate broker, for fraudulently obtaining or attempting to obtain over $25,000 in real estate broker's fees from the DHS Housing Stability Plus program. The Housing Stability Plus program assists DHS clients with moving from temporary shelters into suitable permanent housing. The HSP offers competitive, market rate rent supplements to homeless individuals, families with children, and adult families who are ready to leave shelter for permanent residency. The HSP offers a five-year subsidy that is intended to promote personal responsibility and self-sufficiency through a gradual step down in the rental subsidy amount offered each year. If permanent housing is secured with the assistance of a real estate broker, the broker is entitled to receive a fee for their services. According to the Indictment filed in Manhattan federal court, from March 2005 through January 2006, Agbune used his position at DHS to fraudulently authorize payment of broker's fees to Loving, fees to which Loving was not entitled. Loving did not act as a broker in any of these transactions. The two are accused of embezzling, and attempting to embezzle, $25,750. |
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