Chetrit lender alleges “intentional self-dealing” in foreclosure case, pushes for receiver

A lender in a foreclosure case against Meyer Chetrit and other developers is aggressively pursuing a receiver for the properties.  Specifically, the lender has raised concerns about intentional self-dealing and diversion of funds by the Chetrits. Investors Joseph Moinian and Edward Minskoff are also named as defendants in the case. At the heart of the claims are properties at 500 and 512 Seventh Avenues, a Manhattan office building and home to the Chetrit Group headquarters. American General Life Insurance Company, The Variable Annuity Life Insurance Company and The United States Life Insurance Company filed the suit. In a filing submitted […]This article originally appeared on The Real Deal. Click here to read the full story.