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Probe twist:cash & Bern (Deadbeat Bernie Kerik)

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RamboLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-08-05 07:39 PM
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Probe twist:cash & Bern (Deadbeat Bernie Kerik)
http://www.nydailynews.com/front/story/307510p-263012c.html

Bernard Kerik was desperately worried about being able to afford a Bronx apartment that is now at the center of a bribery investigation involving the former NYPD boss, his E-mails show.
Kerik repeatedly asked a friend for money to help buy the Riverdale co-op in the summer of 1999, saying he felt like a "schmuck" because he didn't have cash for closing costs, let alone the remodeling needed to make it "livable."

Despite saying he was broke, Kerik managed an overhaul that included top-of-the-line appliances, a granite kitchen counter and three new marble bathrooms, including one with a Jacuzzi, an appraiser noted.

Kerik's attorney says he paid $170,000 for the apartment and up to $65,000 for renovations. Somehow, though, the three-bedroom unit sold 3-1/2 years later for $460,000, records show.

<snip>

Kerik added that because of his bad credit, the bank had demanded a bigger down payment, money "that I would have used to fix it up."



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