A Bronx developer with a past in organized crime is accusing his lender of running a playbook straight out of it. James McManus, a former associate of the Lucchese crime family (think Goodfellas) turned contractor, filed a sweeping federal lawsuit against Fairbridge Asset Management and its executives, alleging they orchestrated a racketeering and fraud scheme to wrest control of his development site at 1932 McGraw Avenue. The complaint, filed in Manhattan federal court, seeks $75 million in damages, Crain’s reported. At the center of the dispute is a $2.1 million loan Fairbridge issued in 2021 to finance McManus’ plan to […]
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