NYC Prosecutors Call For System Changes To Address Deed Theft After Empire State Building "Heist" By Reporter For Local Paper

In New York City, The Daily News reports:

• The city's top prosecutors called for sweeping changes in the system that let a Daily News reporter "steal" the Empire State building with a fake deed (see: It took 90 minutes for Daily News to 'steal' the Empire State Building). The News' "theft" of the $2 billion Fifth Ave. icon was carried out to reveal a gaping loophole in the city's system for recording property transactions. The loophole: Clerks in the city office of the register are not required to verify information on deeds and mortgages.

For more, see Daily News probe revealing scandalous property loopholes has prosecutors urging change.