United States v. Iroquois Apartments, Inc.

ZAVATT, District Judge.

This action was commenced pursuant to the provisions of the National Housing Act, as amended, 12 U.S.C. 1702 et seq. 12 U.S.C.A. § 1702 et seq. to recover windfall dividends which the complaint alleges were unlawfully paid by the defendant corporation to the five individual defendants in the sum of $206,853.43, which said sum is alleged to be the excess over construction costs of one mortgage loan to the corporate defendant insured by the Federal Housing Administration. The plaintiffs are The United States of America and Norman P. Mason, as Commissioner of the Federal…