Judge Rejects Subpoenas in Jared Solomon Fraud Case

A federal judge blocked the convicted fraudster's attempt to subpoena financial records ahead of his upcoming sentencing.

Updated on Oct. 29, 2026 in Financial Crime

Bold flat-color editorial illustration of a courthouse facade in navy and cream, evoking institutional legal gravity. — Federal Judge Loretta Preska denied Jared Solomon's attempt to subpoena financial records from Vornado Realty Trust ahead of his November sentencing. AI Illustration. Upload story photo >

Live Poll

Should prison sentences for fraud be based on net economic loss rather than gross stolen amounts?

Judge Loretta Preska has quashed requests from Jared Solomon to subpoena Vornado Realty Trust and Great American Insurance Company for records. Solomon, who was convicted of a $9.5 million fraud scheme, sought the documents to challenge economic loss calculations before his November sentencing.

Why it matters

The defense argued that establishing a lower economic loss for Vornado Realty Trust could reduce the sentencing guideline range for Solomon's prison term. However, the court sided with the company, which argued that fulfilling the expansive data request would impose an unreasonable burden on its employees.

Jared Solomon is currently held at the Metropolitan Detention Center in Brooklyn while awaiting his November 5, 2026, sentencing date. A civil lawsuit regarding the underlying fraud remains active after Great American Insurance Company filed the claim in December 2025.

The players

Jared Solomon

The defendant is a convicted fraudster who stole $9.5 million from Vornado Realty Trust by creating fake brokerages.

Loretta Preska

She is the federal judge presiding over the criminal case who recently denied the defense's request to subpoena corporate records.

Vornado Realty Trust

This is a real estate investment trust and the primary victim of the fraud scheme that filed an insurance claim exceeding $9.7 million.

Great American Insurance Company

The firm is a provider that paid a $2.9 million insurance settlement to Vornado following the fraud discovery.

The details

Solomon was convicted in April 2026 on four counts of fraud and identity theft after he created fake brokerages to bill Vornado Realty Trust for services never performed. He used the stolen funds to purchase a $4.5 million home in Westchester and a $3.6 million Upper East Side co-op.

December 2025: Great American Insurance Company filed a civil lawsuit against Solomon.
April 2026: Jared Solomon was convicted of fraud and identity theft.
May 2026: Solomon received a new court-appointed attorney.
August 2026: Original scheduled date for sentencing.
November 5, 2026: Current scheduled date for sentencing.

Legal Context

Federal courts frequently balance a defendant's right to discovery against the burden placed on third parties when determining economic loss in fraud cases. This case highlights how disputes over restitution calculations under the Federal Sentencing Guidelines often delay final sentencing proceedings.

This case underscores the security measures taken by major commercial entities to prevent and recover from large-scale identity theft and billing fraud. Residents should remain aware that complex financial crimes can impact the stability and resources of prominent local real estate organizations.

The takeaway

Convicted fraud cases often involve prolonged legal battles over exact restitution amounts to determine final prison sentences. Defendants frequently use discovery motions to challenge financial loss data in an effort to minimize their time behind bars.