How to afford NJ

From NorthJersey.com:

Historic New Jersey mansion seized from fraudster is now listed for $33M

New Jersey’s historic Crocker Mansion in Mahwah was officially put back on the market this month after it was seized from a billionaire fraudster in 2023.

The 120-year-old estate at 675 Ramapo Valley Road is a 58-room, four-story brick palace that boasts nearly 50,000 square feet of living space on 12.5 acres along the Ramapo Mountains. It is privately listed for $33 million by Compass New Jersey agents Diane Cookson and Carl Gambino and the Fox & Stokes team.

Built between 1901 and 1907 by railway heir George Crocker, the property features 21 bedrooms, 29 bathrooms, a massive great hall and dining room, a library with gold leaf décor, marble staircases, an indoor spa and sauna, a tearoom, a billiards hall and a movie theater.

This listing comes after the lavish property was seized in April 2023 from its previous owner, Ho Wan Kwok — better known as Miles Guo — who was charged with masterminding an elaborate scheme in which he allegedly cheated thousands of online followers out of more than $1 billion. A 12-count indictment that was unsealed in federal court charged Guo and his financier, Kin Ming Je, or William Je, with bank fraud, money laundering, securities fraud and wire fraud.

Guo initially purchased the Crocker Mansion for $26 million in late December 2021, making it the priciest home to sell in all of New Jersey that year. The estate was just one of many pieces of property — including a 98-inch TV, a Bösendorfer grand piano and multiple high-end sports cars — as well as hundreds of millions of dollars that were seized by the federal government.

In July, a jury found him guilty on nine criminal fraud and conspiracy counts but acquitted him on three counts, according to Courthouse News Service.

This entry was posted in Humor, New Jersey Real Estate. Bookmark the permalink.

14 Responses to How to afford NJ

  1. Juice Box says:

    Ho Ho Ho!!! I am first ya know!

  2. Very Stable Genius says:

    “ It was not yet clear how Speaker Mike Johnson planned to proceed as the package, which was stuffed full of unrelated policy measures as well as tens of billions of dollars in disaster and agricultural aid, appeared to be hemorrhaging support. Some Republicans suggested he was mulling stripping the bill of everything but the spending extension and putting it to a vote, but the fate of such a measure was also very much in doubt.

    The blowback from Republicans to the agreement underscored the complications top G.O.P. leaders will have to manage next year when they control all of Congress and face a president with a penchant for blowing up political compromises. It also showed the power of a circle of influential outside players in Mr. Trump’s orbit who appeared willing to punish Republicans if they failed to accede to his wishes.”

  3. Very Stable Genius says:

    “Agriculture aid”
    GOP loves socialism

  4. Juice Box says:

    re: “political compromise”

    Nope more like accountability….

    First few pages of the continuing resolution were to keep the government running for only a few more months where they will have to do it all over again.

    The rest of the 1500 pages were garbage. Raises for Congress, A stadium for Washington DC, money for farmers, money for disaster aid, money for Ukraine. Break up these large Omnibus bills and vote on each one individually, after it comes out of committee. This is how the Congress was intended to operate. If they don’t like it vote them out.

  5. Fast Eddie says:

    It’s hard to get a view of that place from Ramapo Valley Road. The popular trail is across the road a bit. Man, that place gets packed on the weekends. Anyway, Mahwah has a plethora of high end houses up in that area.

  6. Chad Powers says:

    The easiest way I have found to afford New Jersey is to move out of NJ. Of course I no longer have bragging rights that I pay very high propety taxes, nor can I talk about the numerous regulations and laws that strangle home owners.

  7. Very Stable Genius says:

    Oklahoma, Mississippi, South Dakota are very affordable maga territories.
    But NJ rightwingers love living in a blue state.

    Chad Powers says:
    December 19, 2024 at 7:25 am
    The easiest way I have found to afford New Jersey is to move out of NJ. Of course I no longer have bragging rights that I pay very high propety taxes, nor can I talk about the numerous regulations and laws that strangle home owners.

  8. grim says:

    Too bad Miles had to give up his Mar a Lago membership

  9. Juice Box says:

    Trump already saved Miles from extradition to china years ago. Apparently Steve Wynn hand delivered a note to Trump in 2017 that the Chinese wanted him.

  10. Very Stable Genius says:

    $10 billion handout-Farmers voted maga so that Republicans stop giving them handouts?

    Well they succeeded because Musk stopped the $10 billion Republicans added to the budget

  11. Juice Box says:

    Get it right at least? $10 billion on time payment to crop producers. These are the mostly giant corporation farm businesses who farm soy and corn.

    The USDA will have 90 days after the bill becomes law to make one-time payments to a producer of an eligible commodity crop. The money would go to crop producers where the expected gross return per acre is less than the expected cost of production, the wholesale prices in markets were lower probably because of market speculation.

  12. No One says:

    I have a feeling that within two years Trump and Musk will be feuding and namecalling.

  13. BRT says:

    USA needs to stop subsidizing these industrial crops. They’ve poisoned the entire food supply with them.

  14. BRT says:

    I’ve noticed all the moisturizer/shampoos are starting to swap in Sunflower/Canola oil into their products. It’s really pathetic. It reduced the cost by about a dime.

Leave a Reply

Your email address will not be published. Required fields are marked *