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Further complicating her case, James is said to have bought a brownstone in Brooklyn, New York, while allegedly misrepresenting the number of units it contained. Specifically, the property was reported as a four-unit condo instead of the accurate five units. The banker emphasized that the appraiser would likely have identified multiple kitchens and living quarters, making it difficult to disguise the true number of units.
This discrepancy points to potential collusion with the lender or appraiser to misclassify the property, invoking concerns about residential classifications being abused for financial gain.