Former Vornado Leasing VP Sentenced to 11 Years for Defrauding Employer of Over $9.5 Million
NEW YORK — The U.S. Attorney's Office for the Southern District of New York announced on November 6 that Jared Solomon, a former vice president of leasing at the commercial real estate company Vornado Realty Trust, was sentenced by U.S. District Judge Loretta A. Preska to 11 years in prison. Solomon, 49, of New York, New York, was convicted of wire fraud, aggravated identity theft, and bank fraud in connection with a 14-year scheme in which he defrauded his former employer of more than $9.5 million.
"For fourteen years, Jared Solomon abused the trust his employer placed in him, inventing brokers and stealing more than $9.5 million for services that were never performed," said Sean S. Buckley, the Attorney for the United States acting under authority conferred by 28 U.S.C. Section 515. "This individual, as shown, took advantage of his position and used victims' personally identifiable information. This will not be tolerated on any level."
According to the indictment, statements in court proceedings and filings, and the evidence at trial, Solomon joined Vornado in 2009 as a leasing agent and later became a vice president of leasing. He created fake commercial real estate broker companies and, over approximately the next 14 years, falsely claimed that brokers were owed broker fees or construction reimbursement expenses on commercial real estate deals he worked on. In fact, no such work had been performed, and the payments went to bank accounts in the names of the fake businesses, which Solomon controlled. In total, Vornado made 17 payments totaling over $9.5 million.
To carry out and conceal the scheme, Solomon created fictitious personas and email accounts and used a temporary phone number and a newly purchased cellphone to pose as representatives of the fake companies. He forged the signatures of real people on the fake agreements he submitted to his employer and provided a fraudulent business certificate to a bank to open a business bank account. He spent the proceeds on a $4.55 million house in Purchase, New York, a $3.6 million apartment on the Upper East Side of Manhattan, a country club membership, and a Porsche, among other luxury expenses. He also provided false information and a doctored bank statement to a mortgage lender to obtain an $850,000 mortgage loan.
Solomon was convicted in April 2026 following a one-week jury trial and was remanded following his conviction. In addition to the prison term, he was sentenced to three years of supervised release, was ordered to forfeit over $9 million in fraud proceeds and his interest in the two luxury homes he purchased with those proceeds, and was ordered to pay restitution. The case was investigated by the U.S. Postal Inspection Service and is being handled by the General Crimes Unit of the U.S. Attorney's Office for the Southern District of New York.
Source: U.S. Attorney's Office for the Southern District of New York
Published by GSM · USA (original Chinese edition)
Photo: 图：美国司法部总部大楼（资料图，GSM 固定图库）。 / Photo: U.S. Department of Justice headquarters (file photo, GSM asset library).
