One of Rochester’s biggest developers says the federal government is unfairly preventing him from doing business while he’s under federal indictment for bank and wire fraud.
Bob Morgan’s legal team was in court on Monday arguing that the government has been quietly preventing him from selling properties that are not even part of the criminal case.
Morgan’s attorney said in the courtroom that his client can’t sell properties because the government is basically scaring away all potential buyers even on the 50-60 properties that Morgan has a stake in that are not part of the criminal investigation. Attorneys argued that Morgan can’t get title insurance, so he has been unable close on any sales. Transactions, they say, were in progress before his indictment have now gone cold.
The U.S. Attorney’s Office argued that the issues Morgan is facing are not because of their involvement but they did admit in court that when they’ve been approached by attorneys for third parties wanting assurances that one property or another would not be seized as part of the investigation, they made no such guarantees.