The Region - News from May 7, 1987
Federal prosecutors dismissed a felony charge against New York real estate agent Moshe Ziv, one of three men accused of fraudulently inflating the value of a Santa Monica Mountains tract that was sold to the National Park Service for a record $1.8 million. A second defendant, Radoslav L. Sutnar, has asked to change his innocent plea today. A guilty plea by Sutnar would leave only Encino real estate developer Jerry Y. Oren to face trial in connection with the 336-acre Agoura Hills-area site that was sold to the Trust for Public Land, a nonprofit organization that purchases land for resale to federal or local park agencies.
For the record:
12:00 a.m. May 8, 1987 The Region Man Admits Role in Park Land Fraud
Los Angeles Times Friday May 8, 1987 Home Edition Part 1 Page 2 Column 3 Metro Desk 3 inches; 94 words Type of Material: Correction; Brief
Land development consultant Radoslav L. Sutnar pleaded no contest to a felony charge that he helped fraudulently inflate the value of property in the Santa Monica Mountains that was sold to the National Park Service for $8 million. Sutnar, 56, told U.S. District Judge Harry L. Hupp that he participated in the falsification of a fictitious offer that was used to boost the appraised value of the 336-acre parcel. Encino real estate developer Jerry Y. Oren still faces trial in the case. Charges against another defendant, Moshe Ziv, have been dropped. In Thursday’s editions, The Times erroneously reported that the National Park Service bought the land for $1.8 million.
Descriptors: REAL ESTATE FRAUD NATIONAL PARK SERVICE (U.S.) SANTA MONICA MOUNTAINS PROPERTY APPRAISAL
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