National Weekend Edition
Idaho realtor heads for trial in $82-million Ponzi scheme that tapped Christians
An Idaho real estate agent stands accused of running an $82 million Ponzi scheme that preyed on devout Christian...
ponzi scheme
The Latest
Bar Works Ponzi scheme co-conspirator sentenced to 11 years
One of the co-conspirators in the Bar Works co-working Ponzi scheme has been sentenced to 11 years in prison....
Miami Issue
An alleged Miami Ponzi hustle
Like most alleged Ponzi schemes, a Miami-based troika’s plan to tap South American investors to fund their real estate projects started off with non-criminal, ambitious intentions. Ernesto Weisson, a Coconut Grove businessman and architect...
Bar Works Ponzi schemer sentenced to prison
The first prison sentence has been handed down in connection with the Bar Works co-working Ponzi scheme, with more set to come later this year. British national Savraj Gata-Aura was sentenced to 4 years...
Los Angeles
Beverly Hills properties once owned by convicted RE Ponzi schemer Shapiro sell for $69M
Five Southern California properties once owned by convicted real estate Ponzi schemer Robert Shapiro have sold for a total...
National
Robert Shapiro is not alone: 5 real estate Ponzi schemes you should know about
On October 15, developer Robert Shapiro—who pleaded guilty in August for leading a $1.3 billion real estate Ponzi scheme—received...
Behind Bars: Bar Works co-conspirator James Moore convicted of wire fraud
The federal investigation into fraudulent co-working Ponzi scheme Bar Works has now landed its first conviction. Federal prosecutors announced...
Los Angeles
Luxury home developer arrested on federal charges over $1.3B Ponzi scheme
A former luxury real estate developer in Los Angeles was arrested on federal charges, accused of deceiving thousands of...
Tri-State
Westchester & Fairfield Cheat Sheet: White Plains developer heads to prison, Marc Jacobs buys in Rye, Tommy Mottola sells in Greenwich… & more
Developer gets 6 years in prison for $58M Ponzi scheme A White Plains developer who pleaded guilty to defrauding investors at projects in Westchester, Manhattan...
Tri-State
Developer behind $58M Ponzi scheme gets 6 years in prison
Westchester developer Michael D’Alessio was sentenced to six years in prison on Friday morning after pleading guilty in November...