Former Vornado exec Jared Solomon created fake brokerages, burner accounts to steal millions: Feds
Former Vornado executive Jared Solomon allegedly defrauded the firm by creating fake brokerages and burner accounts over a 15-year period, resulting in a total theft of $9.5 million.
According to federal prosecutors, Jared Solomon, a former leasing executive at Vornado Realty Trust, was arrested in December for stealing $9.5 million from his employer through a complex scheme involving fake brokerages and burner accounts.
The Southern District of New York charged Solomon with creating two fake brokerage companies, Margoux Media and Cobalt Advisors, and using them to bill Vornado for phony services over a 15-year period. The charges allege that Solomon used the funds to support his lavish lifestyle, including a luxury apartment on the Upper West Side and expensive vacations.
While the prosecutors do not explicitly name Vornado as the victim in the case, sources have confirmed to The Real Deal that the company in question is indeed Vornado Realty Trust.
Prosecutors also accuse Solomon of using burner accounts to further conceal his activities and redirect the stolen funds. They claim that he would create fake email addresses and use them to communicate with Vornado employees in order to approve fraudulent invoices.
In response to the allegations, Solomon's attorney stated, "Jared Solomon is a dedicated family man and an accomplished professional with an unblemished record. He intends to defend himself vigorously against these charges and looks forward to clearing his name in court."
Originally reported by The Real Deal.
https://therealdeal.com/new-york/2025/09/17/prosecutors-respond-in-jared-solomons-vornado-fraud-case/