Michael Applebaum faces 14 counts including fraud , breach of trust and conspiracy . The charges relate to two `` real estate projects , '' a police official says . This is the most recent explosive allegation to rock the city of Montreal as the details of an insidious corruption scandal have been laid bare at a province-wide inquiry . He is accused of using his position as the CEO of an investment company called " New York City Housing Development Corporation (NYCDC) in order to obtain millions from investors who were not entitled to any
Michael Applebaum faces 14 counts including fraud , breach of trust and conspiracy . The charges relate to two `` real estate projects , '' a police official says . He is accused of using his position as the CEO of an investment company called " New York City Housing Development Corporation (NYCDC) in order to obtain millions from investors who were not entitled to any