What is Michael Lohan Jr. accused of?

Michael Lohan Jr. is accused of real estate fraud and illegally deregulating apartments for profit with his company, Peak Capital.

What is the New York Attorney General seeking?

The NY Attorney General seeks the return of overcharged rents, penalties, and the enforcement of rent-stabilized status for affected units.

Which company is involved in the real estate fraud lawsuit?

Peak Capital, a company associated with Michael Lohan Jr., is involved in the real estate fraud lawsuit.

Home / Crime and Justice / NY AG Sues Michael Lohan Jr. Over Rent Frauds

NY AG Sues Michael Lohan Jr. Over Rent Frauds

11 Dec

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Summary

Michael Lohan Jr. faces lawsuit for alleged real estate fraud.
Company Peak Capital accused of illegally deregulating apartments.
NY AG seeks return of overcharged rents and penalties.

NY AG Sues Michael Lohan Jr. Over Rent Frauds

New York Attorney General Letitia James has filed a lawsuit against Michael Lohan Jr., younger brother of actress Lindsay Lohan, and his associates for alleged real estate fraud. The legal action targets the company Peak Capital, claiming it engaged in illegal practices to deregulate 159 apartments for financial gain, deceiving tenants, investors, and state officials.

The lawsuit, filed after a joint investigation by the Attorney General's office and New York State Homes and Community Renewal, seeks restitution for overcharged rents, treble damages, and the reinstatement of rent-stabilized status. Officials stated that Peak Capital bypassed rent stabilization laws to inflate rental prices, exacerbating New York City's housing crisis.

James emphasized the lawsuit serves as a warning against predatory real estate practices, vowing aggressive action against those who exploit housing laws. Named alongside Lohan Jr. are several associates, including Juan David Gomez and Alex Rabin. Lohan Jr. is identified as the managing partner at Nineteen Blocks, a Brooklyn-based real estate firm.