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...
ponzi scheme
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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...
Developer behind $58M Ponzi scheme sells Manhattan properties at auction
Westchester developer Michael D’Alessio, who pleaded guilty to fraud charges in November, sold multiple development projects at bankruptcy auctions...
TRD wins New York Press Club award
The Real Deal won an award from the New York Press Club for best crime reporting in the magazine category for senior reporter Konrad Putzier’s coverage of Bar Works, the organization announced this week....
Bar Works mastermind Renwick Haddow extradited to US
Renwick Haddow, the mastermind behind the alleged co-working Ponzi scheme Bar Works, has been extradited to the U.S., federal...