Jared Solomon Sentenced to 11 Years for Fraud
A federal judge sentenced the former Vornado Realty Trust employee for a $9.5 million leasing fraud scheme.
Updated on Nov. 6, 2026 in Financial Crime
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Judge Loretta Preska sentenced Jared Solomon to 11 years in prison after he was convicted at trial in April on two counts of bank fraud, one count of wire fraud, and one count of identity theft. Prosecutors say Solomon billed his former employer, Vornado Realty Trust, for brokerage work that was never performed.
Why it matters
The case shows how an insider could exploit internal controls over leasing commissions to siphon millions from a major real estate firm. The sentence and pending forfeiture of two properties aim to recover the stolen funds for the victim.
Solomon, 49, is being held at the Metropolitan Detention Center in Brooklyn after his April conviction on bank fraud, wire fraud and identity theft counts. The government is seeking forfeiture of an apartment bought for $3.6 million and a $4.2 million Westchester home.
The players
Jared Solomon
Former Vornado Realty Trust employee who was convicted of running a fake brokerage billing scheme against his employer.
Loretta Preska
Federal judge in the Southern District of New York who presided over the case and imposed the sentence.
Vornado Realty Trust
New York-based real estate investment trust that owns major Manhattan office properties and was the victim of the fraud.
The details
Solomon created a pair of fake brokerages and used burner email accounts and phone numbers to pose as tenant representatives, placing himself on the opposite side of transactions he was supposed to oversee at Vornado. Vornado fired him in December 2023 for unrelated performance issues and discovered the bogus invoices, and he was indicted a year later. His attorney argued he worked under intense pressure to close deals and meet performance metrics.
Timeline
December 2023: Vornado fires Solomon and discovers the bogus brokerage invoices.
2024: Solomon is indicted a year after his firing.
April 2026: Solomon is convicted at trial on fraud and identity theft counts.
November 5, 2026: Judge Loretta Preska sentences Solomon to 11 years in prison.
Legal Context
The case sits alongside high-profile white-collar prosecutions such as Elizabeth Holmes's Theranos fraud, which involved about $400 million in stolen investor money. Solomon's sentence reflects federal prosecutors' focus on insider fraud that targets large corporate victims in New York.
Commercial landlords and property managers in New York City may review how leasing commissions and broker invoices are approved to guard against similar insider schemes. Federal forfeiture actions could eventually return recovered funds to the defrauded company.
The takeaway
Strong internal controls over broker payments and vendor invoices can catch fictitious billing before losses grow large. Organizations should verify that every commission payment corresponds to documented work performed by a legitimate third party.
Further reading
For more on similar cases, see Financial Crime coverage across New York City.
Source note: This article includes information reported by The Real Deal New York.
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