Overview

• Konrad Bicher, known as the "Wolf of Airbnb," pleaded guilty to wire fraud in federal court in Manhattan.
• Bicher defrauded landlords by illegally listing apartments and taking advantage of a pandemic relief program.
• Bicher leased Manhattan apartments that were barred from being rented on a short-term basis and failed to pay rent, then listed the units on marketplaces like Airbnb.
• Bicher and associates failed to make over $1 million in lease payments while reaping at least $1.17 million in income.
• Bicher agreed to forfeit $1.74 million and make restitution to victims in the amount of $1.99 million.