Former Commercial Real Estate Vice President Convicted At Trial Of Fraud And Identity Theft Offenses

Attorney for the United States, Sean S. Buckley, announced today that JARED SOLOMON, a former vice president of leasing at the commercial real estate company Vornado Realty Trust, was convicted of wire fraud, aggravated identity theft, and bank fraud, in connection with a years-long scheme to defraud his former employer, forge signatures, and lie to banks. The defendant was found guilty following a one-week jury trial before U.S. District Judge Loretta A. Preska.

"Jared Solomon engaged in a decade-long scheme to defraud his former employer of over $9.5 million," said Deputy U.S. Attorney Sean S. Buckley. "Solomon submitted fake invoices and agreements for work never performed, concealing his identity behind forged signatures and sham businesses he set up to receive the payments. Using the fraudulent proceeds, Solomon purchased real estate and other luxury goods. This Office is committed to holding accountable those who seek to defraud, deceive, and victimize others through lies, misrepresentations, and identity theft."

According to the Indictment, statements made in public court proceedings and filings, and the evidence at trial:

Beginning in 2009, SOLOMON, a Vornado leasing agent, created fake commercial real estate broker companies. Over approximately the next fourteen years, SOLOMON lied to his then-employer, Vornado Realty Trust, by claiming that brokers were owed broker fees or construction reimbursement expenses on certain commercial real estate deals that he worked on. In fact, no work had been performed on those deals, and the payments were sent to bank accounts that SOLOMON controlled in the names of his fake businesses. SOLOMON spent the fraud proceeds on a $4.5 million house in Purchase, New York; an apartment in the Upper East Side; a country club membership; and a Porsche, among other luxury expenses. SOLOMON also forged the signatures of real people on the fake agreements that he submitted to his employer, provided a fraudulent business certificate to a bank to open a business bank account, and provided false information and a doctored bank statement to a mortgage lender to obtain an $850,000 mortgage loan. SOLOMON made approximately $9.5 million from his scheme to defraud Vornado.

* * *

SOLOMON, 48, of New York, New York, was convicted of one count of wire fraud, which carries a maximum sentence of 20 years in prison, one count of aggravated identity theft, which carries a mandatory consecutive sentence of two years in prison, and two counts of bank fraud, which each carries a maximum sentence of 30 years in prison.

The maximum potential sentences in this case are prescribed by Congress and provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge. Sentencing is scheduled for August 4, 2026.

Mr. Buckley praised the outstanding investigative work of the U.S. Postal Inspection Service.

This case is being handled by the Office's General Crimes Unit. Assistant U.S. Attorneys Adam Z. Margulies, Rita K. Maxwell, Joe Zabel, and Daniel C. Richenthal are in charge of the prosecution, with assistance from Paralegal Specialists Saadhana Jakka and Olivia Sebade.