Immigrant families scammed out of $5M in fake Bay Ridge condos
Families from China get assistance from AG in finding man who sold them non-existent condos
More than 20 families who were duped while trying to start a life in Bay Ridge are hopeful that they’ll be able to get restitution after Attorney General Letitia James announced on Wednesday that her office will sue the man responsible for selling them non-existent condos in Brooklyn.
Xi Hui “Steven” Wu, his ex-wife Xiao Rong Yang, and their companies TCJ Construction Inc., and 345 Ovington LLC nearly got away with millions when they took advantage of 20 Chinese immigrant families by illegally selling them condos that they could not deliver.
They accepted monthly mortgage payments and building fees that totaled to over $5 million, and they never gave buyers deeds to their new homes.