German politicians allege taxpayers were cheated by Grayken’s property dealsMEDIUM
In 2012 John Grayken purchased TLG Immobilien, an East German property owner previously held by the government, for $775 million and later flipped the assets for profit. German politicians publicly argued that the transaction cheated taxpayers, indicating political scrutiny and impact on public finances.
After the interview Grayken spent $775 million in 2012 to buy TLG Immobilien, an East German owner of 800 buildings held by the government. Within three years Grayken flipped the property for a profit. German politicians argued that taxpayers had been “cheated”.
Investigation by New York Attorney General into Grayken’s mortgage‑servicing practicesHIGH
In 2021 the New York Attorney General Eric Schneiderman opened an investigation into John Grayken’s aggressive foreclosure tactics and mortgage‑servicing practices, which attracted protests in New York, Berlin and Seoul. The probe reflects direct involvement of a state political authority in scrutinising Grayken’s activities.
Last year New York Attorney General Eric Schneiderman reportedly opened an investigation into Grayken’s heavy‑handed mortgage‑servicing tactics, including aggressive foreclosures, which have unleashed widespread outcries from homeowners, housing advocates and trade unions.
Extracted Facts (2)
In 2021 the New York Attorney General Eric Schneiderman opened an investigation into John Grayken’s aggressive foreclosure tactics and mortgage‑servicing practices. The probe reflects direct involvement of a state political authority in scrutinising Grayken’s activities.100%
POLITICAL_EXPOSURE
Cost: $0.001924
In 2012 John Grayken purchased TLG Immobilien, an East German property owner previously held by the government, for $775 million and later flipped the assets for profit. German politicians publicly argued that the transaction cheated taxpayers, indicating political scrutiny and impact on public finances.100%