CNY Apartment Complex Owner Responds To FBI Raid

posted by Ian Wheatley -

Rochester, N.Y. - The owner of 13 CNY Apartment Complexes has issued a statement responding to this week’s FBI search of the company offices near Rochester.

Robert Morgan says his company “continues to cooperate with a federal inquiry” believed to be related to federally backed loans for several developers through a specific mortgage broker. Morgan says his company is current on all its loan obligations and he looks forward to the conclusion of the inquiry.

Owner Of 13 Apartment Complexes In CNY Had HQ Raided By FBI
Owner Of 13 Apartment Complexes In CNY Had HQ Raided By FBI
The headquarters of the owner of more than a dozen apartment complexes in the Syracuse area were raided by the Feds on Monday.

A search warrant affidavit shows the FBI is investigating possible fraud by Morgan's son and nephew. They are suspected of misleading appraisers about the value of some Morgan apartment complexes

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