ponzi scheme


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Beverly Hills properties once owned by convicted RE Ponzi schemer Shapiro sell for $69M

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...

Beverly Hills properties once owned by convicted RE Ponzi schemer Shapiro sell for $69M
Clockwise from top: Robert Shapiro, Viktor Gjonaj, and Robert C. Morgan (Credit: Rochester Institute of Technology, LinkedIn, iStock)

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...

Robert Shapiro is not alone: 5 real estate Ponzi schemes you should know about
Renwick Haddow and a closed Bar Works location at 41 West 46th Street (Credit: Google Maps)

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...

Behind Bars: Bar Works co-conspirator James Moore convicted of wire fraud
Luxury home developer arrested on federal charges over $1.3B Ponzi scheme

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...

Luxury home developer arrested on federal charges over $1.3B Ponzi scheme
Westchester & Fairfield Cheat Sheet: White Plains developer heads to prison, Marc Jacobs buys in Rye, Tommy Mottola sells in Greenwich… & more

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...

Westchester & Fairfield Cheat Sheet: White Plains developer heads to prison, Marc Jacobs buys in Rye, Tommy Mottola sells in Greenwich… & more
Developer behind $58M Ponzi scheme gets 6 years in prison

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 gets 6 years in prison
Developer behind $58M Ponzi scheme sells Manhattan properties at auction

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...

Developer behind $58M Ponzi scheme sells Manhattan properties at auction
TRD wins New York Press Club award

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....

TRD wins New York Press Club award
Bar Works mastermind Renwick Haddow extradited to US

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...

Bar Works mastermind Renwick Haddow extradited to US
National Cheat Sheet: San Francisco’s luxury homes are selling faster than those in any other US market … & more

National Cheat Sheet: San Francisco’s luxury homes are selling faster than those in any other US market … & more

The best and worst markets in which to sell a luxury home in US The city by the bay has quickest luxury home sales...

National Cheat Sheet: San Francisco’s luxury homes are selling faster than those in any other US market … & more
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