SIB man indicted for defrauding NJ city

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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