Attorney for the United States, Acting under Authority Conferred by 28 U.S.C. § 515, Sean S. Buckley, announced that JARED SOLOMON, a former vice president of leasing at the commercial real estate company Vornado Realty Trust, was sentenced by U.S. District Judge Loretta A. Preska to 11 years in prison for wire fraud, aggravated identity theft, and bank fraud in connection with a 14-year scheme to defraud his former employer of more than $9.5 million, forge the signatures of real people, and lie to banks. SOLOMON was convicted in April 2026 following a one-week jury trial and remanded following his conviction.
“For fourteen years, Jared Solomon abused the trust his employer placed in him, inventing brokers and stealing more than $9.5 million for services that were never performed,” said Attorney for the United States Sean S. Buckley. “This individual, as shown, took advantage of his position and used victims’ personally identifiable information. This will not be tolerated on any level.”
According to the Indictment, statements made in public court proceedings and filings, and the evidence at trial:
Beginning in 2009, SOLOMON, a Vornado leasing agent who later became a vice president of leasing, created fake commercial real estate broker companies. Over approximately the next 14 years, SOLOMON lied to Vornado by claiming that brokers were owed broker fees or construction reimbursement expenses on commercial real estate deals on which he worked. In fact, no such work had been performed, and the payments were sent to bank accounts in the names of the fake businesses, which SOLOMON controlled. In total, SOLOMON caused Vornado to make 17 payments totaling over $9.5 million.
To carry out and conceal the scheme, SOLOMON created fictitious personas and email accounts and used a temporary phone number and a newly purchased cellphone to pose as representatives of the fake companies. He forged the signatures of real people on the fake agreements he submitted to his employer and provided a fraudulent business certificate to a bank to open a business bank account. SOLOMON spent the fraud proceeds on a $4.55 million house in Purchase, New York; a $3.6 million apartment on the Upper East Side of Manhattan; a country club membership; and a Porsche, among many other luxury expenses. He also provided false information and a doctored bank statement to a mortgage lender to obtain an $850,000 mortgage loan.
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In addition to the prison sentence, SOLOMON, 49, of New York, New York, was sentenced to three years of supervised release, was ordered to forfeit over $9 million in fraud proceeds and his interest in the two luxury homes that he purchased with those proceeds, and was ordered to pay restitution.
Mr. Buckley praised the outstanding investigative work of the U.S. Postal Inspection Service.
This case is being handled by the Office’s General Crimes Unit. Assistant U.S. Attorneys Adam Z. Margulies, Rita K. Maxwell, Joe Zabel, and Daniel C. Richenthal are in charge of the prosecution, with assistance from Paralegal Specialists Saadhana Jakka and Olivia Sebade.
Source: U.S. Attorney’s Office — Southern District of New York — U.S. Department of Justice press release.