Pianka slaps $140,000 fine on no-show Destiny Ventures

In an absentee trial yesterday, Cleveland Housing Court Judge Ray Pianka fined Destiny Ventures LLC $140,000 for failure to repair code violations at a vacant two-family house at 3677 East 117th St.

Destiny Ventures bought the property last March for $1,500 from EMC Mortgage (Bear Stearns), which acquired it at Sheriff’s sale in January 2006. (Yes, that means it’s been sitting vacant for two years.)

Here’s excellent coverage of yesterday’s trial by WKYC’s Mike O’Mara.

(c/p CCD

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