| Shopping Mall REITer
Pappagallo Was Indicted by SDNY Now Gets
Arrest Record Expunged
By Matthew
Russell Lee, Patreon, thread
SDNY COURTHOUSE,
July 15– Two REIT executives
were arraigned on charges of
fraud involving shopping malls
on August 1, 2019 before U.S.
District Court for the
Southern District of New York
Judge Colleen McMahon. Brixmor
CEO Michasel Carroll put up as
collateral for $1 million bail
his $5 million apartment in
Manhattan.
Co-defendant Michael
Pappagallo's Connecticut house
was valued at $850,000 but
served to security his $1
million bond. Unlike most
defendants in the SDNY both
were allowed to travel around
the country without
pre-approval (Paul Manafort's
banker Stephen Calk got this
treatment too).
Judge
McMahon said discovery,
approximately 250,000
documents, is due by the end
of August and the parties
would reconvene on November 5,
2019.
Jump cut to
July 2021. The prosecutors of
the SDNY put forward an order
nollo posequi as to
Pappagallo; his lawyers asked
that even his arrest record be
expunged. And on July 15,
2021, Judge McMahon agreed and
ordered it expunged.
The case is, or was, US v.
Pappagallo, 19-cr-545 (McMahon).
***
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