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"For Immediate Release"
Major Players in NY Commercial Real Estate
Caught Up in Fraud and Racketeering Lawsuit
Andrew Larew and Wife, Christine Wojcik, Named in $100 million RICO and Racketeering Fraud Lawsuit.
Alleged Co-conspirators Tony Fiorito, John Funiciello, John Shannon, Alan Doyle, Chuck Sangster, Paula Deckman, Soundview Real Estate Partners, and Larew, Doyle & Associates also Named.
Andrew Larew is a Principal at Commercial Real Estate Finance Firm Larew, Doyle & Associates in New York City. Andrew Larew was previously a Principal at Larew Associates LLC, as well as Goedecke Larew, both Commercial Real Estate Finance firms. Andrew Larew is also a member of of the Fifth Avenue Presbyterian Church in New York City.
Click here for additional information about Andrew Larew
Christine Wojcik, also known as Chrissy Wojcik, is Vice-President, Asset Management, at Commercial Real Estate Finance Firm Situs Companies in New York City. Wojcik is also Owner of Larew, Doyle & Associates. Chrissy Wojcik is also a member of the Fifth Avenue Presbyterian Church in New York City.
Click here for additional information about Chrissy Wojcik
Anthony Fiorito, also known as Tony Fiorito, is President - Owner of Commercial Real Estate Management Firm Partnership Properties in Syracuse, NY. Fiorito is also Owner of Larew, Doyle & Associates. Tony Fiorito is also Vice Chairman of the Board of Directors of The Downtown Syracuse Committee, a quasi-governmental organization that invests in downtown Syracuse, NY projects.
Click here for additional information about Tony Fiorito
John Funiciello is the founder of Commercial Real Estate Leasing Firm JF Real Estate in Syracuse, NY. Funiciello is also Owner of Larew, Doyle & Associates, and a member of the Board of Directors for Pathfinder Bank, Oswego, NY.
Click here for additional information about John Funiciello
John Shannon is Owner and Partner of the Accounting firm Shannon & Shay in Oneida, NY.
Click here for additional information about John Shannon
Alan Doyle is a Principal at Commercial Real Estate Finance Firm Larew, Doyle & Associates in Providence, RI. Alan Doyle is also a member of the Board of Trustees of Home and Hospice Care of Rhode Island.
Click here for additional information about Alan Doyle
Charles Sangster, also known as Chuck Sangster, is a Partner and Owner of CBD Companies, a Diversified Commercial Real Estate Construction, Management and Development Concern in Syracuse, NY.
Click here for additional information about Chuck Sangster
Paula Deckman is a Partner in the Tax Department of Accounting Firm Testone, Marshall & Discenza in Syracuse, NY.
Click here for additional information about Paula Deckman
Caderet Grant is a broker/dealer based in Syracuse, NY. Caderet, through one of its affiliates, is an investor in real estate projects with Andrew Larew, Chuck Sangster, Tony Fiorito and John Funiciello.
Click here for additional information about Caderet Grant
Soundview Real Estate Partners is a Real Estate Investment Firm Headed by Nicholas Newman and Benjamin Marcus, also known as Nick Newman and Ben Marcus, in Stamford, CT
Click here for additional information about Nicholas Newman and Benjamin Marcus
Larew, Doyle & Associates is a Commercial Real Estate Finance Firm in New York City.
Sunil Aggarwal is Founder and Managing Director of Think Forward Financial Group, LLC, and Managing Director of Think Forward Capital Markets, LLC.
Click here for additional information about Sunil Aggarwal
John Larew is Principal Defendant Andrew Larew's Father, and an investor in at least one of Defendant Larew's many LLCs.
Click here for additional information about John Larew
Peter Goedecke, also known as Pete Goedecke, is Managing Member of Goedecke & Co., LLC.
Click here for additional information about Peter Goedecke
David Rothberg, also known as Dave Rothberg, is a close business associate of Principal Defendant Andrew Larew
Christopher Kinder, also known as Chris Kinder, is a Principal and Senior Managing Director of Larew Doyle & Associates.
Click here for additional information about Christopher Kinder
Joseph Hentze is President, Owner, and Senior Broker at Hentze-dor Real Estate, Inc., as well as HD Management, LLC. Hentze-dor owns, manages, sells, and leases commercial real estate in the New York City area.
Click here for additional information about Joseph Hentze
Additional Information About Tony Fiorito
Tony Fiorito's reputation as an unsavory character precedes him, particularly in the Larew v. Larew, et al, lawsuit (www.andrewlarew.com). Allegedly, Fiorito helped his business partner pull the wool over on Larew's ex-wife, and now they are both being sued for Racketeering and Fraud. The only inference that can be drawn is that Tony Fiorito intentionally stood as Larew's "straw man" with greed being Fiorito's sole motivation.
The evidence against Fiorito is overwhelming. For instance, take a look at Fiorito's 2007 Federal tax return, as well as his 2007 Personal Financial Statement. The two statements are diametrically opposed.
- In Larew's divorce case Tony Fiorito stated to the Connecticut Superior Court that The Atrium Building in Syracuse was worth less than $500,000.00. There were three partners that owned the building, John Funiciello, Tony Fiorito, and Andrew Larew. Larew was ordered by the court to pay his wife 1/3 of the profits from The Atrium. Instead of paying the ex-wife, Larew "sold" his 1/3 share in the building to Funiciello and Fiorito in a sweetheart deal for less than $200,000.00. The three partners proved to the courts that the building had net worth of less than $500,000.00 through testimony and multiple appraisals.
- The same scenario holds true for The Harrison Building. Fiorito tells the Connecticut Court that he "purchased" Larew's 1/3 share in The Harrison for $155,000.00. This value was backed up in court with testimony and appraisals. Then, Fiorito submits the attached personal financial statement to multiple banks in order to obtain millions of dollars in financing, with a value for The Harrison of $4 million - more than 20 times the value he stated to the Connecticut Court it was worth. Who was Fiorito intentionally deceiving, Mrs. Larew or the many banks?
- The attached 2007 personal financial statement shows Fiorito valued The Atrium Building at a net value of $10 million, 20 times the value he reported to the Connecticut Court. Fiorito tendered this very same PFS to multiple banks while looking to refinance multiple properties in the Syracuse area. So, which value will Fiorito have you believe is correct? Is the net value of The Atrium Building $500,000.00 or $10 million? Who did Fiorito intentionally deceive, Mrs. Larew or the many banks?
- In the 2007 PFS, Fiorito stated his income from the rental properties was $581,333.00. However, on Fiorito's 2007 tax return he stated that his rental property income was $300,394.00 - an inflated difference of almost 100%. Who did Fiorito intentionally deceive, the banks he was trying to get mortgages from, or the IRS?
- Through the years, Tony Fiorito became owner ("straw man") of at least three of Larew's businesses -- Larew Associates, Larew Doyle and Associates, and Central New York Associates. No income for any of these business entities was reported to Andrew Larew. Millions of dollars in income was fraudulently diverted from Larew, to his partners including Tony Fiorito. This was done for one reason, and one reason only -- to defraud Andrew Larew's ex-wife Rebecca Larew.
- Allegedly, via many emails, we know that Tony Fiorito knew he was intentionally defrauding Larew's ex-wife of millions of dollars. Fiorito freely admits participating in the fraud.
- We can easily infer through Fiorito's many, many emails - that he was (allegedly) intentionally defrauding the banks, and IRS as well.
- Lastly, Fiorito reports on his 2007 taxes a total of $4588.00 in charitable contributions. With almost $1,600,000.00 in total income, that is less than 1/3 of one percent of his income. He should be ashamed.
