February 12, 2026
The District of Columbia has filed a major civil racketeering lawsuit against the Razjooyan family, accusing them of running an illegal real estate operation spanning over a decade. The family allegedly controlled more than 70 apartment buildings through a network of shell companies, obtaining fraudulent loans and over $16 million in housing subsidies while subjecting hundreds of tenants to dangerous living conditions including mold, gas leaks, and electrical hazards. Prosecutors claim the family secured excessive loans by promising renovations that never occurred, instead using funds to buy more properties and enrich themselves.
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Read full article from source: The Washington Informer