The South Florida Business Journal reports that 67 year old Sunny Isles Beach resident Robert Kahan was federally indicted for defrauding Trenton, N.J., out of public housing funds. A federal grand jury in New Jersey hit Kahan, the head of Tara Development, with a 25-count indictment. The charges include making false statements on loan applications, bank fraud, mail fraud, fraud against a local government and transacting in criminal proceeds. The charges concern three affordable housing projects Kahan built in Trenton between 2006 and 2010.
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