Boymelgreen troubles mount

Developer Shaya Boymelgreen’s mounting financial concerns have intensified recently. The LibertyPointe Bank co-founder saw his bank served with a cease and desist order from the Federal Deposit Insurance Corp. last month to halt its reckless loan policies. The bank has 92 percent of its loans in real estate and many of those credits have gone south, according to Crain’s. Boymelgreen’s many stalled projects and lawsuits waged against him — with accusations ranging from breach of contract to fraud and negligence — are examined.