Slumlord Daniel Melamed pleaded guilty to mortgage fraud, forgery, and grand larceny in a Brooklyn courtroom yesterday.
The landlord also admitted to shutting off tenant's heat in the dead of winter in an attempt to drive rent regulated residence from their homes.
Melamed told the court he used a shell company scam to illegally purchase the property for $250 grand in 2013 and then sold the building a year later for $1.25 million dollars.
Attorney General Eric Schneiderman released a statement that read: "We have zero tolerance for landlords who try to game the system to line their own pockets, and we will use every tool at our disposal to bring them to justice."
Photo Credit: Getty Images