Attorney General Letitia James has filed a lawsuit against Jessica Vargas, alleging she has fraudulently taken control of a low-income housing cooperative in Williamsburg for personal gain. The lawsuit claims Vargas collected hundreds of thousands of dollars intended for low-income housing, violating the purpose of the cooperative established by her family. James aims to prevent Vargas from managing the property and to recover the funds taken. The cooperative was created in 1996 to provide affordable housing, with the Riveras allegedly manipulating ownership documents after the original shareholders passed away.
Attorney General Letitia James is suing Jessica Vargas for fraudulently taking control of a low-income housing co-op in Williamsburg, asserting she has stolen hundreds of thousands of dollars meant for affordable housing.
"What was meant to be affordable housing for New Yorkers has now been manipulated into a Floridian's personal piggy bank," stated James, emphasizing the gravity of the situation.
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