Investor Anthony Galeotafiore, President of AJG
Capital of Bethpage, has been the focus of numerous investigations into his business
practices. As reported by Jesse Coburn of
Newsday (Bethpage
developer fined $166G over filings for condo projects) , Galeotafiore has recently admitted to the
state Office of the Attorney General findings that he omitted information
from state filings on condominium developments properties; Harbor View Estates
in Copiague, Parkview at Salisbury and Newton Gardens in Westbury and
Cypress Way in Islip Terrace. He has been fined $141,000 and order to pay
$25,000 in restitution. According to the website, http://ajgcapitalgrp.com/, the properties are listed
as part of the portfolio for AJG Capital Group.
Galeotafiore has also been accused of tricking a
third generation Harlem family out of their longtime home. The New York Post
reports that the home at 132 W. 130th St. has been in the
family since 1920’s and that Galeotafiore deceived the family into signing over
the title for the property. The family has stated “We are here to fight and
ensure our dream is not taken from us.”
A search of the court’s electronic filing system shows that Anthony Galeotafiore, also known as Anthony
Gallo, along with his associates Thomas
Gubitosi of Marie Holdings, Eric Friedlander of Long Island Capital Group,
Americo Magalhaes of Allied Concrete Industries and Concrete Structure have
been named as defendants in multiple lawsuits and are accused of corruption and
extorting properties from their clients. Galeotafiore has been associated with
a number of different businesses including but not limited to AJG Capital Group
Associates, AJG Capital Resources Inc., AJG Capital, AJG Capital Group, AJG
Parkview Corp, AJG Equities and Short Sale Resolutions.
