"To summarize an extremely shaggy history: Last year, two international investors were persuaded to put $2 million in escrow with a Brooklyn lawyer, Mark Graubard, to prove they had the funds to take part in a business partnership with Sprei. The deal fell through, but when the investors tried to get their money back, Graubard stalled and delayed. When the investors finally sought the help of law enforcement, they suddenly found themselves sued in Brooklyn Supreme Court by Seddio on behalf of Jonathan Rubin, a New Jersey businessman they'd never heard of, to block them from collecting their escrow money."
"After nearly a full year of maneuvering in the Brooklyn courts, it seemed like Graubard was going to have to provide a Brooklyn judge with bank statements showing whether the money was still in the escrow account. On December 3, Judge Richard Montelione finally ordered Graubard to file bank records with the court showing whether the $2 million remains in the escrow account. But since then, Graubard and his lawyer have tried everything they can to wriggle out of Montelione's order."
Two international investors placed $2 million in escrow with Brooklyn lawyer Mark Graubard to prove funds for a planned business partnership with Sam Sprei. The partnership collapsed, and Graubard delayed returning the escrowed funds when the investors sought repayment. The investors then faced a lawsuit filed by Frank Seddio on behalf of an unfamiliar New Jersey businessman, Jonathan Rubin, seeking to block the recovery of the escrow. After nearly a year of court maneuvering, Judge Richard Montelione ordered Graubard on December 3 to file bank records showing whether the $2 million remains in the escrow account. Graubard and his lawyer have since resisted compliance.
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