Sexual Assault Scandal Rocks eXp Realty: NY State Steps In

Introduction

Welcome to our article. Our author is a seasoned journalist with a keen interest in corporate ethics. With years of experience covering real estate and corporate scandals, they bring a unique perspective to this unfolding story.

The Allegations Against eXp Realty

eXp Realty, a well-known real estate company, is currently under scrutiny due to allegations of sexual harassment and assault at company events. There are two lawsuits pending against the company, filed by five women who previously worked as agents for eXp.

NY State Comptroller Steps In

The New York State Comptroller, acting as trustee of the New York State Common Retirement Fund (a shareholder of eXp World Holdings, the parent company of eXp Realty), has expressed concern over these allegations. Comptroller Thomas DiNapoli has requested eXp Realty to set up an independent committee to investigate these allegations and any company policies that may have allowed such conduct to occur.

The Victims’ Stories

The lawsuits filed against eXp Realty tell a disturbing tale. Current and former agents accuse the company of fostering a culture that enabled them to be drugged and assaulted. A separate lawsuit filed earlier this year accuses two eXp agents, Michael Bjorkman and David Golden, of drugging and sexually assaulting women during eXp recruiting events.

The Accused Agents

Michael Bjorkman and David Golden, two agents of eXp Realty, stand accused of serious misconduct. The allegations against them include drugging and sexually assaulting women during company events.

eXp Realty’s Response

eXp Realty has not yet responded to the Comptroller’s action. However, in a statement sent to the New York Times in December, the company stated that it has “zero tolerance” for such behavior.

The Role of eXp’s CEO

The lawsuit alleges that eXp’s CEO, Glenn Sanford, and other executives violated a federal sex trafficking law by failing to take action following assault allegations made against team leader David Golden and agent Michael Bjorkman. The lawsuit claims that Sanford and others were aware of the two agents’ alleged drugging of female agents and sexual assault, and that the assaults were either recorded or photographed. Sanford is accused of turning a blind eye to protect the hefty income generated by Golden and Bjorkman’s agent recruiting.

The Impact on eXp Realty

The sexual assault scandal could have a significant impact on eXp Realty’s reputation and business. The company is facing serious allegations, and the outcome of the lawsuits could affect its standing in the real estate industry.

Table: Summary of Key Points