Federal Lawsuit Alleges Brooklyn Lawyer Defrauded Investors



A Brooklyn attorney is accused of bilking real estate investors out of at least $4 million in a home-flipping scheme.

The defendant, Shimon Rosenfeld, allegedly lured would-be real estate investors over a period of four years by promising to buy properties with their money, flip the homes and share the profits with the sellers. Instead, Rosenfeld reportedly pocketed the money and used it to trade securities, according to a lawsuit filed in federal court this week.

On Wednesday, Rosenfeld appeared before United States Chief Magistrate Judge Cheryl Pollak, and was released on $200,000 bond.

“Today, we’ve flipped the script on him and held him accountable for his fraudulent actions,” said William Sweeney, an assistant director-in-charge at the FBI.

In one example, prosecutors allege that Rosenfeld received about $1 million between 2015 and 2017 from an investor to purchase real estate in Greenpoint. When the jilted investors asked the defendant for their money, he allegedly attempted to delay the payments; in one email to a victim, he wrote that “August is a tuff [sic] month to get things done.”

Some of the alleged victims repeatedly gave Rosenfeld money to carry out real estate investments, not knowing that he was funneling

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This Brooklyn Brownstone Renovation Is Filled With Tucked Away Storage

Camilla Gale and Zach Aarons had never lived in a stand-alone house before 2007. So when the two Manhattan-born then-20-somethings—who had grown up in apartment buildings their entire lives—made the move to Brooklyn and bought a brownstone, a renovation was the last thing on their minds. “We needed to really spend some time to understand how we would be living here,” explains Aarons. 

The couple was content with the fact that their 19th-century Italianate house was a block from Fort Greene Park and a short walk from Gale’s former fashion boutique, Thistle & Clover. Fast-forward to having a few kids (Rhyse, 9, Wes, 5, and Margot, 2) and, suddenly, the pokey downstairs layout and lack of storage or natural light no longer made sense. Not to mention that a painting made out of bubblegum, a gift from Aarons’s mother that hung on the top floor under a skylight, had melted in the summer heat. If nothing else, they urgently needed central air. 

A Secret Water Closet

Brooklyn brownstone powder room renovationPin It
Tara Faucet: Dornbracht.

The couple tasked Alan Barlis and Liza Paredes of BarlisWedlick with the remodel and, from the moment they first walked in, one thing was clear: The powder room that blocked

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