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Tables Turned: Landlord Pays Tenants $10 Million
Photo by ChazWags via Flickr
He already served a month of jail time when he was convicted last Spring, but today, sleazy wannabe slumlord Darren Stern, who also goes by Henry Shalom, was ordered to pay millions back to rent-control tenants that he mistreated in order to get them to move out so he could raise rents, eventually selling the buildings at "inflated" prices, according to CBS2.
The money will be split and given back to tenants of more than 800 units from various neighborhoods including Los Feliz, Hollywood, North Hollywood, East Los Angeles and Panorama City. Stern's company, Landmark Equity Management, will also not be allowed to purchase any rental units in Los Angeles until four and a half years from now. Score one for the little guy!
Previously on LAist
-- Britney Spears' $35,000 Rent
-- State Law Proposed to Ban Smoking in Apartments
-- Rent Control Could Come to an End in California
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