Housing Market Slump Forces Couple To Open Brothel Lou Young Reporting
(CBS) NEW ROCHELLE The downturn in the housing market appears to have driven two Westchester homeowners to desperate and illegal measures.
New Rochelle Police raided a 3-bedroom home on North Avenue Friday night after undercover officers responded to a Craig's List posting offering dominatrix services with a grand opening special. Police arrested four alleged prostitutes and the homeowners.
The house, they say, had been turned into a brothel complete with heavy shades over all the windows and a red ribbon placed out by the sidewalk to indicate they were open for business.
Richard Werner and Heather Mezzenga are charged with promoting prostitution. The two are both mortgage brokers who moved out of the house roughly two years ago so they could begin renovating a home on Mountain Road in Pleasantville.
Deloitte doesn't want to make mistake second time.
Citigroup unit and Deloitte are sued over American Home
A Citigroup unit and the accounting firm Deloitte & Touche were sued by an investor for helping a mortgage company issue $92.4 million in stock 14 weeks before the lender went bankrupt. The four million shares issued by American Home Mortgage Investment have dropped by 99 percent since they were first offered for sale on April 30 at $23.10 each through Citigroup Global Markets.
Deloitte prepared American Home�s financial reports before the issue. �The offering materials that they issued all omitted information that was material to investors,� Matthew Heffner, an attorney for the shareholder bringing the suit, said Friday.