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WhiteTara

(30,118 posts) Wed Oct 30, 2024, 12:37 AM 13 hrs ago

Federal investigators raid house owned by Frank Sinito, CEO of Cleveland-based Millennia Companies

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262,847 views Oct 23, 2024
Federal agents executed a search warrant Wednesday at the Waite Hill home of Frank Sinito, the CEO and founder of The Millennia Companies based in Cleveland.

According to the law firm Benesch Friedlander Coplan & Aronoff LLC, which represents Sinito, the raid was conducted by members of the U.S. Department of Housing and Urban Development and the U.S. Department of Agriculture.

"It is important to remember that an investigation is just that," stated a Benesch spokesperson in an email to 3News' Lynna Lai. "There have been no arrests and no charges filed."

The Millenia Companies owns hundreds of buildings and apartment complexes in several states, most notably the Key Center in downtown Cleveland.

snip

In a warning letter from HUD on Dec. 14, 2023, the agency accused Sinito of mismanaging tenant security deposits and taxpayer funds for housing assistance, as well as not properly maintaining properties. HUD cited nearly $4.9 million that was missing or improperly taken from 19 HUD-insured or HUD-subsidized properties.

Lydia Esparra reports: https://www.wkyc.com/article/news/inv... --

6 replies

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Highlight:

Federal investigators raid house owned by Frank Sinito, CEO of Cleveland-based Millennia Companies (Original Post) WhiteTara 13 hrs ago OP

His father was the head of the Cleveland mafia. Wuddles440 3 hrs ago #1

interesting WhiteTara 3 hrs ago #2

Well, geez, how else is he going to pay for that little dump? Vinca 3 hrs ago #3

or, for that matter, WhiteTara 3 hrs ago #4

Shades of HUD scandles of the 1980's. These also went hand and hand with the Savings & Loan scandales. Hotler 3 hrs ago #5

I remember those years WhiteTara 2 hrs ago #6

Wuddles440

(1,351 posts)

1. His father was the head of the Cleveland mafia.

Reply to WhiteTara (Original post)

Wed Oct 30, 2024, 10:52 AM

3 hrs ago

WhiteTara

(30,118 posts)

2. interesting

Reply to Wuddles440 (Reply #1)

Wed Oct 30, 2024, 10:54 AM

3 hrs ago

Vinca

(50,868 posts)

3. Well, geez, how else is he going to pay for that little dump?

Reply to WhiteTara (Original post)

Wed Oct 30, 2024, 10:56 AM

3 hrs ago

WhiteTara

(30,118 posts)

4. or, for that matter,

Reply to Vinca (Reply #3)

Wed Oct 30, 2024, 11:00 AM

3 hrs ago

how is he going to pay for the house itself without a little graft here and there. F*ing felon. (I know, he's only been investigated.)

Hotler

(11,973 posts)

5. Shades of HUD scandles of the 1980's. These also went hand and hand with the Savings & Loan scandales.

Reply to WhiteTara (Original post)

Wed Oct 30, 2024, 11:07 AM

3 hrs ago

From Wikipedia; Scandals of the Ronald Reagan Administration.
Department of Housing and Urban Development grant rigging.
The HUD rigging scandal occurred when Department of Housing and Urban Development Secretary Samuel Pierce and his associates rigged low income housing bids to favor Republican contributors to Reagan's campaign as well as rewarding Republican lobbyists such as James G. Watt Secretary of the Interior.[11] Sixteen convictions were eventually handed down,
https://en.wikipedia.org/wiki/Scandals_of_the_Ronald_Reagan_administration

WhiteTara

(30,118 posts)

6. I remember those years

Reply to Hotler (Reply #5)

Wed Oct 30, 2024, 11:45 AM

2 hrs ago

They were definitely not halcyon days. Crimes every day, coffers drained, 100s of soldiers killed through negligence and graft. Bank closures and loan defaults. Yeah, round 'em up and jail them all. Greed is out. This is a new paradigm in the 21st century.

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