In the Matter of the Investigation of Letitia James, Attorney General of the State of New York, of Moujan Vahdat and business entities: Empire Development Fund 3 LLC, Empire Development Fund 4 LLC, Empire Development Fund 2 LLC, Empire Terrace LLC, Empir

Index No: 21-011

Resolution of claims for violations of Not-for-Profit Corporation Law § 715, prohibiting unauthorized related party transactions, against a real estate developer that made payments to senior clergy who were responsible for negotiating and authorizing real estate development deals between their churches and the developer.  The payments were not disclosed in connection with obtaining internal church approval and required statutory approval by the Court or OAG of the transactions.

Date: 02-16-2021
Document Type:
Bureau: Charities
Related Associated Document Links:
Keywords Related-party Transaction
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