The Real Deal on Airbnb: “Wolf of Airbnb” charged over short-term rental scheme

From The Real Deal:

The days of the “Wolf of Airbnb” hounding landlords across the city may be over.

Federal prosecutors on Thursday charged Konrad Bicher with wire fraud and identity theft, Bloomberg reported. Attorneys for Bicher said he will plead not guilty to the charges.

Bicher, 31, signed leases with landlords and put units on Airbnb’s website against the law, prosecutors said. The scheme ran from 2019 to this year, with Bicher signing at least 18 leases and collecting $1.2 million in income while dodging more than $1 million in rent payments.

Prosecutors also allege companies owned by Bicher received $565,000 in loans from the pandemic-era Paycheck Protection Program. The applications for those loans allegedly contained false information.

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