Philadelphia ‘Slumlord Millionaire’ Gets 6 Years In Prison

Map of Pennsylvania highlighting Philadelphia ...

Map of Pennsylvania highlighting Philadelphia County (Photo credit: Wikipedia)

Robert N. Coyle Sr., a notorious Philadelphia slumlord, stood before the judge yesterday in tears, minutes before he was to be sentenced for defrauding banks of more than $10 million.

Coyle, 68, told U.S. District Court Judge Stewart Dalzell about his struggles growing up poor in Kensington, the same neighborhood where he later acquired wealth.  As a child, he lived in rickety houses and his mother worked in sweatshops and he slogged away in a paper factory as a teen, he said.

He became a real-estate mogul and admitted to the court he made mistakes when the economy soured.  In making his plea, Coyle, who wore a gray suit over his hefty frame, took several breaks to compose himself.

“I am not a slumlord,” he said, his voice quivering

Read more at http://www.philly.com/philly/news/20130517__Slumlord_Millionaire__gets_6_years_in_prison.html#i8j4odiP1s7VadYl.99

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