Harlem family's Brownstone stolen in $1.6M deed theft scheme, DA says | amNewYork

"Prosecutors say three individuals and three companies falsified heir documents, forged signatures, and used the property to secure loans, all while the true owners were unaware of what was happening. Angela Jazmin Ramos Malpica, 35, Yuan Kuei Li, 41, Abdur Rahman, 34, and the companies Great Neck Acquisitions Inc., White Lotus Consulting Inc., and Ocean Property and Trading Inc. are accused of working together to steal a brownstone at 267 West 131st Street and using it to obtain a mortgage and construction loan."

"According to prosecutors, on April 18, 2024, Ramos posed as an heir of the late Okryun Marrero, who died in 20218, and sold the property to Li, who acted as a straw buyer. The deed included forged signatures of the Marrero family members. That same day, Li allegedly flipped the property to Rahman and his company for more than $1.5 million without any real money changing hands."

"According to court documents, the stolen property was then used as collateral to secure a $1.6 million mortgage and construction loan. Ramos reportedly pocketed $254,875 in loan proceeds, while Rahman received $487,375 into a corporate account. Approximately $265,000 was sent to MSK Construction Team Inc., a company controlled by Li, to fund renovations on the brownstone. Within a week, the deed and mortgage were officially recorded with the NYC Department of Finance, listing Rahman and his companies as the owners."

Three individuals and three companies allegedly falsified heir documents, forged signatures, and used a Harlem brownstone as collateral to obtain loans while the true owners were unaware. On April 18, 2024, Angela Jazmin Ramos Malpica purportedly posed as an heir of the late Okryun Marrero and sold 267 West 131st Street to Yuan Kuei Li as a straw buyer. Li then allegedly flipped the property to Abdur Rahman and affiliated companies for more than $1.5 million without real funds exchanging hands. Loan proceeds of about $1.6 million were drawn, with hundreds of thousands distributed among the defendants and contractors, and the deed and mortgage were recorded with the NYC Department of Finance.

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