Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Fast Forward

Major New York Landlord Pleads Guilty To Grand Larceny, Tax Fraud

One of the biggest landlords in New York City pleaded guilty on Tuesday to felony charges of grand larceny, tax fraud and a third fraud charge stemming from filing a false instrument.

Steve Croman allegedly secured $45 million in loans by inflating rental income in mortgage documents. “I knew the documents were false,” he said.

New York Attorney General Eric Schneiderman called Croman “a fraudster and a criminal” who tried to defraud his lenders, New York Community Bank and Capital One Bank.

Croman had become notorious for his aggressive measures in forcing tenants out of rent-controlled apartments in order to fill them with tenants willing to pay significantly more, a practice he’d undertaken since he bought his first building in the early ’90s.

“By the mid-2000s he owned about 70 buildings, and his social profile had appreciated alongside his portfolio,” Bloomberg News reported last year. “He and his wife, Harriet, sent their sons to Columbia Prep, claimed membership at Temple Emanu-El on Fifth Avenue, and were regulars on the Upper East Side/Hamptons gala circuit.”

Croman agreed to serve one year at Rikers Island and pay a $5 million fine. Official sentencing will be in September.

Contact Jesse Bernstein at [email protected] or on Twitter @__jbernstein

The Forward is free to read, but it isn’t free to produce

I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward.

At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.

Readers like you make it all possible. We’ve started our Passover Fundraising Drive, and we need 1,800 readers like you to step up to support the Forward by April 21. Members of the Forward board are even matching the first 1,000 gifts, up to $70,000.

This is a great time to support independent Jewish journalism, because every dollar goes twice as far.

—  Rachel Fishman Feddersen, Publisher and CEO

2X match on all Passover gifts!

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines.
You must comply with the following:

  • Credit the Forward
  • Retain our pixel
  • Preserve our canonical link in Google search
  • Add a noindex tag in Google search

See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.