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Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud

Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud

by Phil Hall | Jun 17, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Real estate investor Boruch “Barry” Drillman was sentenced to five years of probation for his role in a $165 million fraud scheme involving multifamily and commercial mortgage loans between 2018 and 2020. Drillman managed BRC Williamsburg Holdings LLC,...
Real Estate Investor Pleads Guilty to $165 Million Mortgage Fraud Conspiracy

Real Estate Investor Pleads Guilty to $165 Million Mortgage Fraud Conspiracy

by Phil Hall | Dec 18, 2023 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A New York City man pleaded guilty for his role in a conspiracy to fraudulently acquire multifamily and commercial properties. Boruch “Barry” Drillman was accused of conspiring with at least four others to deceive lenders into issuing $165 million in multifamily and...

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