Lawmakers, court authorities and city agencies have failed to safeguard the estates of homeowners who die without wills, threatening the transfer of Black and Latino generational wealth.

Brothers Joseph and Elliot Ambalo and their partner Etai Vardi use a web of LLCs to acquire shares of residential properties across New York City. We’re publishing the LLC names.

An investigation by THE CITY has unearthed multiple fraud and forgery allegations against Elliot and Joseph Ambalo and their partner Etai Vardi who target unsuspecting homeowners and unprotected tenants in Black and Latino neighborhoods.