Disgraced television star Bill Cosby and his wife Camille owe a whopping $17.5 million on an Upper East Side townhouse the actor bought as a surprise gift for her, according to court records and reports.
It’s the second Manhattan foreclosure in less than a month for the disgraced “America’s Dad,” whose reputation went up in flames after 60 women accused him of sexual assault.
He and Camille have defaulted on a $17.5 million loan taken against18 East 71st, a six-story, 12,060-square-foot home built in 1899 which sits just steps from Central Park in the Upper East Side Historic District.
Cosby secretly bought the property through a lawyer for $6.2 million in 1987, at the height of his fame on NBC’s “The Cosby Show.”
It was supposed to be a present for Camille, but the couple later accused Mary Waller, the lawyer who oversaw the purchase, of embezzling millions from them, and by 1990 put the property in the name of Camille’s mother, records show.
The couple hasn’t paid anything on the loan since June, and also owes more than $300,000 in taxes on the property, according to Manhattan Supreme Court papers filed by First Foundation Bank.
The couple allegedly defaulted on a $4.2 million loan on a four-story Lenox Hill home at 243 E. 61st St. they’ve owned since 1980.
CitiMortgage sued the couple in December for the default, according to Crain’s.
Cosby’s once sterling image was destroyed years ago as numerous women came forward to accuse the funnyman of drugging and sexually assaulting them in different incidents over the course of years in a high profile scandal that culminated in a 2018 trial in Pennsylvania.
Cosby was convicted of a criminal sexual assault charge in April 2018, found guilty of drugging and assaulting Andrea Constand in his Philadelphia home back in 2004.
He was sent to prison but released in 2021 after his conviction was overturned by the Pennsylvania State Supreme Court.
A spokesman for Cosby declined comment on the foreclosure.
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