In the frenzy that followed Amazon’s Long Island City announcement, reports emerged of employees buying condos there before the news was public. Now, a state senator wants to stop those kinds of insider deals. Sen. Michael Gianaris, a Democrat who represents the Queens neighborhood, is drafting the proposed law, the Wall Street Journal reported. The legislation would prohibit buying or selling real estate based on any nonpublic government action. It would make such deals a […]
source https://therealdeal.com/2018/12/03/after-amazon-workers-snagged-lic-condos-a-senator-wants-to-prevent-insider-deals/
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