"Worker critically injured at Estate's North Miami Beach construction site"
According to Newsday, former Nassau County developer Adam Hochfelder has been named New York's top delinquent taxpayer with over $48 million in unpaid personal income taxes.
Former Nassau County developer Adam Hochfelder, once known as the "Wharton Whiz Kid" and a major player in the New York real estate scene, has found himself facing yet another issue in the state. This time, it's courtesy of the state tax department.
According to Newsday, Hochfelder has been named New York's top delinquent taxpayer with over $48 million in unpaid personal income taxes. This puts him at the top of the state's "Top 100" list of individual tax scofflaws, published periodically by the state Department of Taxation and Finance.
The list highlights taxpayers with active warrants, which allows authorities to seize property, withhold income, and take other legal actions to collect unpaid taxes.
But this isn't the first time Hochfelder has faced legal issues. In 2003, he pleaded guilty to fraud charges and served time in federal prison. He was also sued for allegedly defrauding investors in a Manhattan office building deal.
As for his current tax debt, Hochfelder's spokesperson claims he is working with the state to resolve the issue. However, the Department of Taxation and Finance declined to comment on individual cases.
It's just another blow for Hochfelder, who once controlled a significant portion of Manhattan's skyline. But with his financial troubles and legal woes, it seems like his days as a major player in the real estate world are long gone.