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Colorful History: A Look Into Trump Tower's Past Convicted Tenants

    The infamous Trump Tower has a rather colorful history—and not just because the 86-year-old building across from the New York Stock Exchange is Donald Trump’s most valuable property. Since Trump took over the property in 1995 it has housed an assortment of rather scandalous characters—including frauds, thieves and penny stock scammers.

    At least 29 current and former business execs have faced or are currently facing criminal charges from prosecutors for alleged scams that took place during their stay at the tower. Take a look at Bisnow’s list of the top five most interesting convicted tenants

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    Rosabianca & Associates

    Tenant: Former, 30th Floor 

    Business: Law Firm

    Conviction: Grand Larceny

    Luigi Rosabianca was a NY lawyer who specialized in brokering luxury property deals for foreign investors prior to his conviction. He was beloved by the media and a partner at Rosabianca & Associates on the 30th floor of the Trump Building.

    But that all changed October 2015 when he was charged with stealing more than $4.4M from six separate clients.

    Rosabianca pleaded guilty to grand larceny and will be sentenced this month to 12 years, according to attorney Robert Schalk.

    2 of 6

    Wolf Hedge

    Tenant: Former, 28th Floor

    Business: Investment Manager

    Conviction: Fraud

    A financial whiz, Mark Malik was convicted of swindling more than $800k from investors in his hedge fund last March. When investors attempted to withdraw money from the fake fund, he feigned a heart attack. The former investment manager is serving five to 15 years. 

    3 of 6

    Essex & York

    Tenant: Former, 33th Floor

    Business: Stockbroker

    Conviction: Pump & Dump

    In 2006 the brokerage firm and its employees were among those charged with a “pump and dump scheme.” They cold-called investors and convinced them to invest in a temp agency, turning around and selling their own shares when the stock rose. Seven pleaded guilty and one died before the proceedings. 

    4 of 6

    DirectView Holdings

    Tenant: Current, 62nd Floor

    Business: Video surveillance and teleconferencing

    Conviction: Bribery

    CEO Rodger Ralston was convicted of bribing government employees to buy videoconferencing equipment in 2000. Though the exec spent five months in a halfway house in 2001, DirectView was not charged with wrongdoing, according to Bloomberg. It's now a publicly traded penny stock. 

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    The David Firm

    Tenant: Former, 60th Floor

    Business: Law Firm

    Conviction: Immigration Fraud

    Earl David, namesake of the Manhattan law firm, was convicted for using faulty employment claims in what officials are calling one of the largest immigration frauds in US history. He was sentenced in 2013 to five years in prison