2026-04-21 DOJ SDNY press_release 116 KB 4,087 chars

Former Commercial Real Estate Vice President Convicted At Trial Of Fraud And Identity Theft Offenses

Caption
United States v. Informational Purposes Only, et al.
summary

Jared Solomon, a former Vornado Realty Trust VP, was convicted at trial of wire fraud, identity theft, and bank fraud for a $9.5 million scheme to defraud his employer.

paragraph

Jared Solomon was convicted of wire fraud, aggravated identity theft, and two counts of bank fraud following a decade-long scheme. He defrauded Vornado Realty Trust of over $9.5 million by using sham businesses and forged signatures to claim fraudulent broker fees. Additionally, he secured an $850,000 mortgage through the use of doctored bank statements and false information.

narrative

Jared Solomon, a former Vice President of Leasing at Vornado Realty Trust, was convicted at trial for a decade-long scheme that defrauded his employer of over $9.5 million. Solomon established fake brokerage companies and forged signatures to claim fraudulent fees and construction reimbursements for work never performed. He used the proceeds to fund a luxury lifestyle, including a $4.5 million house, an Upper East Side apartment, and a Porsche. To further his fraud, he utilized sham businesses to receive payments and provided doctored documents to secure an $850,000 mortgage. His convictions include wire fraud, aggravated identity theft, and two counts of bank fraud. Sentencing is scheduled for August 4, 2026, with potential maximum sentences spanning several decades.

Enriched metadata

Scheme
corporate-fraud (100%)
Court
Southern District of New York
Outcome
convicted
Victim loss
$9,500,000
Entity
Jared Solomon
Classified corporate-fraud(confidence 100%). EDGAR detection: forms 10-K/10-Q/8-K· recall 56% / precision 8%. detection rule →
Parties
informational purposes onlyjared solomon
Keywords
real estatecommercial realidentity theftsolomonrealfraudestateidentityvice presidentformercommercialtheftlinkbankformer commercial

Extracted insights

Dollar amounts 3
  • $9.50M $9.5 million $1M–$10M
  • $4.50M $4.5 million $1M–$10M
  • $850K $850,000 $100K–$1M
Entities 3
  • person informational purposes only
  • person jared solomon
  • scheme_term one count of wire fraud, which carries a maximum sentence of 20 years in prison
Triples 23
  • Jared Solomon Convicted Of Fraud And Identity Theft Offenses
  • Jared Solomon Engaged In A Decade-Long Scheme To Defraud His Former Employer Of Over $9.5 Million
  • Jared Solomon Submitted Fake Invoices And Agreements For Work Never Performed
  • Jared Solomon Concealed His Identity Behind Forged Signatures And Sham Businesses He Set Up To Receive The Payments
  • Jared Solomon Purchased Real Estate And Other Luxury Goods Using The Fraudulent Proceeds
  • Jared Solomon Created Fake Commercial Real Estate Broker Companies
  • Jared Solomon Lied To His Then-Employer, Vornado Realty Trust, By Claiming That Brokers Were Owed Broker Fees Or Construction Reimbursement Expenses On Certain Commercial Real Estate Deals That He Worked On
  • Jared Solomon Sent Payments To Bank Accounts That He Controlled In The Names Of His Fake Businesses
  • Jared Solomon Spent $4.5 Million On A House In Purchase, New York; An Apartment In The Upper East Side; A Country Club Membership; And A Porsche, Among Other Luxury Expenses
  • Jared Solomon Forged The Signatures Of Real People On The Fake Agreements That He Submitted To His Employer
  • Jared Solomon Provided A Fraudulent Business Certificate To A Bank To Open A Business Bank Account
  • Jared Solomon Provided False Information And A Doctored Bank Statement To A Mortgage Lender To Obtain An $850,000 Mortgage Loan
  • Jared Solomon Made Approximately $9.5 Million From His Scheme To Defraud Vornado
  • Jared Solomon Was Convicted Of One Count Of Wire Fraud, Which Carries A Maximum Sentence Of 20 Years In Prison
  • Jared Solomon Was Convicted Of One Count Of Aggravated Identity Theft, Which Carries A Mandatory Consecutive Sentence Of Two Years In Prison
  • Jared Solomon Was Convicted Of Two Counts Of Bank Fraud, Which Each Carry A Maximum Sentence Of 30 Years In Prison
  • The Maximum Potential Sentences Are Prescribed By Congress
  • The Maximum Potential Sentences Are Provided For Informational Purposes Only
  • Sentencing Is Scheduled For August 4, 2026
  • Mr. Buckley Praised The Outstanding Investigative Work Of The U.S. Postal Inspection Service
  • The Case Is Being Handled By The Office’s General Crimes Unit
  • Assistant U.S. Attorneys Adam Z. Margulies, Rita K. Maxwell, Joe Zabel, And Daniel C. Richenthal Are In Charge Of The Prosecution
  • Assistant U.S. Attorneys Adam Z. Margulies, Rita K. Maxwell, Joe Zabel, And Daniel C. Richenthal Have Assistance From Paralegal Specialists Saadhana Jakka And Olivia Sebade
View original DOJ press releasejustice.gov
Extracted body text (4,087c)
Press Release Former Commercial Real Estate Vice President Convicted At Trial Of Fraud And Identity Theft Offenses Tuesday, April 21, 2026 Share FacebookLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. XLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. LinkedInLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Email For Immediate Release U.S. Attorney's Office, Southern District of New York Attorney for the United States, Sean S. Buckley, announced today that JARED SOLOMON, a former vice president of leasing at the commercial real estate company Vornado Realty Trust, was convicted of wire fraud, aggravated identity theft, and bank fraud, in connection with a years-long scheme to defraud his former employer, forge signatures, and lie to banks. The defendant was found guilty following a one-week jury trial before U.S. District Judge Loretta A. Preska. “Jared Solomon engaged in a decade-long scheme to defraud his former employer of over $9.5 million,” said Deputy U.S. Attorney Sean S. Buckley. “Solomon submitted fake invoices and agreements for work never performed, concealing his identity behind forged signatures and sham businesses he set up to receive the payments. Using the fraudulent proceeds, Solomon purchased real estate and other luxury goods. This Office is committed to holding accountable those who seek to defraud, deceive, and victimize others through lies, misrepresentations, and identity theft.”According to the Indictment, statements made in public court proceedings and filings, and the evidence at trial:Beginning in 2009, SOLOMON, a Vornado leasing agent, created fake commercial real estate broker companies. Over approximately the next fourteen years, SOLOMON lied to his then-employer, Vornado Realty Trust, by claiming that brokers were owed broker fees or construction reimbursement expenses on certain commercial real estate deals that he worked on. In fact, no work had been performed on those deals, and the payments were sent to bank accounts that SOLOMON controlled in the names of his fake businesses. SOLOMON spent the fraud proceeds on a $4.5 million house in Purchase, New York; an apartment in the Upper East Side; a country club membership; and a Porsche, among other luxury expenses. SOLOMON also forged the signatures of real people on the fake agreements that he submitted to his employer, provided a fraudulent business certificate to a bank to open a business bank account, and provided false information and a doctored bank statement to a mortgage lender to obtain an $850,000 mortgage loan. SOLOMON made approximately $9.5 million from his scheme to defraud Vornado.* * *SOLOMON, 48, of New York, New York, was convicted of one count of wire fraud, which carries a maximum sentence of 20 years in prison, one count of aggravated identity theft, which carries a mandatory consecutive sentence of two years in prison, and two counts of bank fraud, which each carries a maximum sentence of 30 years in prison.The maximum potential sentences in this case are prescribed by Congress and provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge. Sentencing is scheduled for August 4, 2026.Mr. Buckley praised the outstanding investigative work of the U.S. Postal Inspection Service.This case is being handled by the Office’s General Crimes Unit. Assistant U.S. Attorneys Adam Z. Margulies, Rita K. Maxwell, Joe Zabel, and Daniel C. Richenthal are in charge of the prosecution, with assistance from Paralegal Specialists Saadhana Jakka and Olivia Sebade. Updated April 21, 2026 Component USAO - New York, Southern Press Release Number: 26-105
OCR text (4,087c · html-text · 99% conf)
Press Release Former Commercial Real Estate Vice President Convicted At Trial Of Fraud And Identity Theft Offenses Tuesday, April 21, 2026 Share FacebookLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. XLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. LinkedInLinks to other government and non-government sites will typically appear with the “external link” icon to indicate that you are leaving the Department of Justice website when you click the link. Email For Immediate Release U.S. Attorney's Office, Southern District of New York Attorney for the United States, Sean S. Buckley, announced today that JARED SOLOMON, a former vice president of leasing at the commercial real estate company Vornado Realty Trust, was convicted of wire fraud, aggravated identity theft, and bank fraud, in connection with a years-long scheme to defraud his former employer, forge signatures, and lie to banks. The defendant was found guilty following a one-week jury trial before U.S. District Judge Loretta A. Preska. “Jared Solomon engaged in a decade-long scheme to defraud his former employer of over $9.5 million,” said Deputy U.S. Attorney Sean S. Buckley. “Solomon submitted fake invoices and agreements for work never performed, concealing his identity behind forged signatures and sham businesses he set up to receive the payments. Using the fraudulent proceeds, Solomon purchased real estate and other luxury goods. This Office is committed to holding accountable those who seek to defraud, deceive, and victimize others through lies, misrepresentations, and identity theft.”According to the Indictment, statements made in public court proceedings and filings, and the evidence at trial:Beginning in 2009, SOLOMON, a Vornado leasing agent, created fake commercial real estate broker companies. Over approximately the next fourteen years, SOLOMON lied to his then-employer, Vornado Realty Trust, by claiming that brokers were owed broker fees or construction reimbursement expenses on certain commercial real estate deals that he worked on. In fact, no work had been performed on those deals, and the payments were sent to bank accounts that SOLOMON controlled in the names of his fake businesses. SOLOMON spent the fraud proceeds on a $4.5 million house in Purchase, New York; an apartment in the Upper East Side; a country club membership; and a Porsche, among other luxury expenses. SOLOMON also forged the signatures of real people on the fake agreements that he submitted to his employer, provided a fraudulent business certificate to a bank to open a business bank account, and provided false information and a doctored bank statement to a mortgage lender to obtain an $850,000 mortgage loan. SOLOMON made approximately $9.5 million from his scheme to defraud Vornado.* * *SOLOMON, 48, of New York, New York, was convicted of one count of wire fraud, which carries a maximum sentence of 20 years in prison, one count of aggravated identity theft, which carries a mandatory consecutive sentence of two years in prison, and two counts of bank fraud, which each carries a maximum sentence of 30 years in prison.The maximum potential sentences in this case are prescribed by Congress and provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge. Sentencing is scheduled for August 4, 2026.Mr. Buckley praised the outstanding investigative work of the U.S. Postal Inspection Service.This case is being handled by the Office’s General Crimes Unit. Assistant U.S. Attorneys Adam Z. Margulies, Rita K. Maxwell, Joe Zabel, and Daniel C. Richenthal are in charge of the prosecution, with assistance from Paralegal Specialists Saadhana Jakka and Olivia Sebade. Updated April 21, 2026 Component USAO - New York, Southern Press Release Number: 26-105