Self-styled New York developer charged over phantom real estate flips
In May 2025, Laub allegedly emailed a Connecticut acquaintance of 12 years about a Bronx flip. He promised a $55,000 profit within about 45 days, and the investor wired $180,000.
Property records show Laub never held an interest in the home, which last sold to an unrelated buyer in 2006.
Two months later, Laub pitched a childhood friend in Florida on a Bedford, New York, house he said he was buying for $1.1 million.
“Each $100k invested will bring back $150k,” his email read. The friend wired about $325,000. The owner told investigators that Laub toured the home several times but never made an offer.
The scheme came apart on Jan. 5. The first victim recorded a phone call in which Laub allegedly admitted he had not invested the money and had fabricated emails from family members confirming the deals.
