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The Bloomberg years have been kind to property markets and tough on fast food.
What a peculiar coda for this gilded age, then, was the news last week that a Manhattan real estate broker had been arrested for using a fake waste-hauling license to buy used frying oil from a Brooklyn Checkers. Somewhere, Tom Wolfe is taking notes.
When flipping pads wasn’t going so well, DNAInfo reported, Seon Intrator flipped yellow grease — several thousand gallons of it each month since March. Grease-dealing out of a small truck may have earned Intrator as much as $10,000 a month.
She is one of many Americans—likely several thousand—who have been stealing and selling used cooking oil at a healthy profit. New York City, with 17,000 grease-producing establishments and only 29 licensed haulers, is a particularly attractive target, though there have been incidents reported in California, Connecticut, and New Jersey.