New York-based multifamily investment firm ESG Kullen is suing its founder and a California entity connected to the business for alleged theft of millions of dollars, fraud and forgery. ESG Kullen claims its founding principal, Thomas Delponti, and Kullen King Properties, an affiliate Delponti owns that invests in real estate, took “excess distributions” from profits between January 2018 and December 2024 to the tune of more than $3.4 million, according to a complaint filed Monday in New York County Supreme Court. When Eric Granowsky, co-founder and principal of ESG Kullen, learned of the distributions, he confronted Delponti who said he […]
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