New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-02-24
HELD In LAND SWINDLE
Broker Is Charged 7cith Selling
W0rthIesS Titles.

Michael Carlos Of No. % Pulaski street Brook
lyr a real estate broker, with offices at No. l94
broadway who was arrested the complaint of
DR. simon Clug. Of No. IS Lexington avenue. for
his share in alleged swindling real estate deal
n which d. Clug claims TO have been cheated out
Of $500. arTaigned IN the Tombs police court
yesterday and was held by Magistrate Finn in 5000
bail for further examination Monday
The arrest was brought about by a complaint
made by Dr. Clug to the District Attorneys Office
Assistant District Attorney Krotel appeared as
prosecutor IN the Tombs court yesterday. In his
testimony Dr.. Clug said that stranger had called
him up on the telephone and told him that the sale
Of house at 10. 80 West 55th street, in which he
ba5 an equity Of $500. and which he had disposed
Of was Z sWiraie. Dr. CluE said he was first ap-
.roached by q man named Rothenberg who said
hat he was "a real estate broker. Rotheuberg
wanted TO sell The property for Dr. Clug. and was
told 10 90 so. Then d man known as Emil LoeWen-
taaI. who said he the president Of a real es-
tate company. appeared and said that he was will
inE TO pay $4,000 FOR the property, but refused 10
gay cash for it. suggesting instead that DR. Clug
ACCEPT an equity equal to his profits in plot of
land 80 by 100 feet in Third avenue, between l25d
and l24th streets.
This according To Or. Clugs testimony, was not
agreeable To him, and then. he says. LoewenthaI
agreed te set "A purchaser for the lots ON the day
o. the sale. Il arranged that q builder whom
Iyrryve-tha1 knew was 10 purchase Or. Clug's in
forest in the lots upon purchase price mortgage,
re builder agreeing at the same time TO improve
she lots with buildings within sixty days after
ne sale To insure this, the builder was TO put
I'D as bond his interest in TWO houses, one IN
Manhattan and ta5 ether in Brooklyn.
Ur C-ge says IgaJ ne was taken 10 the ONCE
~ Michael Jacobs q lawyer Of No 90 Broad
WAY ard introduced To the builder. who. lie says
was Michael Carlos. According l." pr- tlaE Car
Jos then agreed 10 the arrangements that he had
made with Isoewentaal. ana showed him deeds 70
tHe f~opertv st No. 2M West Tooth stroet ana 10
p building in Decatur street, Brooklyn. Dr. NiuS
made the sale to IoewenthaI and carlos took over
he lots
l-Don receipt u the mysterious telephone mes
sage IN, District Attorneys Office began an III
,-estiEatior II was found thar the name of Car
los appeared owner of notn the houses oul d
s.ar,r Of Inc titles showed thai almost twelve
lars ago the title chain lad been crossed each
az file TWO houses offered 10y Carlos having been
transferred 20 two diTerer- purchasers ny ileir
owners since that time the properties nave ~ -
s.--arrIy changed hands the double chain SIN con-
thinning on the records until The present time.
one Of the witnesses ~ court Yesterday was Az
bert il Atterbury. president Of fhe iie.l4ll1ee
r2e-lfz- Cornrany No. 90 Broad street who jest'e"
that he owned the house at 10. -.S West lg'''
street while John T.. Fital II No ." NllousHoH
street Rrooklyn. testified that h~ owned me P.op+
rrv Al 10 AS and 45e Decatur street and pf'cIttu
= t--re ~ no mouse This property according
10 The complaint. carries declared l'1I -i' '
n $50 5evelored during the hearing that the
properly at Nc 23 West le't1 street laa o'e4. -
I'm giving bonds Tor bail III fh" blslt - me-
r.4r NIr ArttrBurl and Assistant l.strlel y -
rev KroreI Then asked for an adJouI llel'I DL
rf7lI OF the new phase that had entered me t'zt
IT is believed that this investigation VIII 4lS-1. go
is sfr,ass on H.. fgIsffcdtiou of the records or
-csl estate transfers in tie Registers Office.