A Florida woman, Jessica Vargas, allegedly took over a co-op building in Williamsburg and pocketed nearly $450,000 in rent, claiming she was told by a city official that ownership was valid. The NY Attorney General has filed a lawsuit seeking to return the building to the co-op and recover the funds. Vargas argues that she inherited the situation from her father and was misled. The case highlights issues of fraud and exploitation in real estate, especially involving low-income properties.
A thief? That's not who I am - I've always been honest.
Jessica Vargas declared herself president of a building she had no claim to, exploiting New Yorkers for her personal gain while living over a thousand miles away.
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