Disgraced TV star Bill Cosby and his wife Camille owe a whopping $17.5 million on an Upper East Side townhouse he bought as a surprise gift for his girlfriend, according to court records and reports. That's what it means.
This is the second Manhattan foreclosure in less than a month for the disgraced “America's Dad,” whose reputation has been in turmoil since he was accused of sexual assault by 60 women.
He and Camille defaulted on a $17.5 million loan they received for 18 East 71st. Six-story, 12,060-square-foot home built in 1899 Located just steps from Central Park in the Upper East Side Historic District.
Cosby secretly bought the property through his lawyer for $6.2 million in 1987, at the height of his fame on NBC's “The Cosby Show.”
It was supposed to be a present for Camille, but the couple later accused attorney Mary Waller, who oversaw the purchase. embezzle millions of dollars from themand by 1990 placed the property In the name of Camille's motherrecords show.
The couple has not made any payments on the loan since June and has not paid more than $300,000 in taxes on the property, according to documents filed by First Foundation Bank in Manhattan Supreme Court.
The couple allegedly defaulted on a $4.2 million loan on the four-story Lenox Hill home at 243 East 61st Street, which they had owned since 1980.
CitiMortgage sued the couple in December for default. According to Crain's.
Cosby's once-glorious image was destroyed years ago, with numerous women coming forward to accuse Cosby of drugging and sexually assaulting him in various incidents over the years, and in 2018 in Pennsylvania. It was a high-profile scandal that culminated in a trial.
Cosby was found guilty of sexual assault in April 2018 and convicted of drugging and assaulting Andrea Constand at his Philadelphia home in 2004.
He was sent to prison, but his conviction was overturned by the Pennsylvania Supreme Court and he was released in 2021.
A spokesperson for Mr. Cosby declined to comment on the foreclosure.
