Milwaukee Developer Faces Foreclosure Suit
New Land Enterprises, a Milwaukee developer, faces a foreclosure suit targeting three buildings.
The lawsuit claims that investors organized by Boris Gohkman and Walter Shuk defaulted on loans from a Madison-based bank. As of Jan. 22. the amount owed totaled $14.8 million, according to the suit, and public records show the combined assessed value of the properties is $9.8 million.
Gohkman was convicted for Medicaid fraud in 2004, and the firm has been sued for building defects multiple times, but that didn't slow down the company. This threat is a lot more serious, however, and could lead to the bank taking control of the three well-known properties.
If you have been accused of a crime, a criminal lawyer may be able to help in your defense. Contact the Milwaukee criminal attorneys of Hart Powell, S.C. today by calling (414) 271-9595.