A former bigwig at a once-prominent Big Apple development firm and a slew of other real estate industry executives were indicted Wednesday for allegedly stealing more than $86 million in a years-long fraud scheme, Manhattan prosecutors said.
The case largely centers on the development of a luxury Manhattan condo project called the XI, prosecutors allege. After HFZ’s financial difficulties surfaced due to a string of lawsuits and investors started asking questions about the firm’s financial records, Meir allegedly directed an HFZ accountant to then forge bank statements to reflect millions of dollars in investor funds.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How NYC Mayor Eric Adams lost a major bill battle and alienated key alliesHow NYC Mayor Eric Adams lost a major bill battle and alienated key allies
Source: Gothamist - 🏆 456. / 53 Read more »
A Quiet Place: Day One Trailer Silences Noisy NYC With Apocalyptic Alien InvasionAll the latest movie news, movie trailers & reviews - and the same for TV, too.
Source: screenrant - 🏆 7. / 94 Read more »
President Joe Biden visiting NYC today for 3 campaign receptions; Drivers expect delaysWherever the president goes, drivers can expect road closures and traffic delays.
Source: CBSNewYork - 🏆 268. / 63 Read more »
Biden NYC visit: President's visit causes traffic nightmareNew Yorkers are experiencing traffic nightmares after President Joe Biden arrived in New York City to attend three campaign receptions this afternoon.
Source: fox5ny - 🏆 587. / 51 Read more »
Gossip and Gorge with NYC Tastemakers at Lower East Side HauntChildhood besties Meg Radice and Audrey Jongens share their experiences and insights on NYC's hyped restaurants and life in New York at a moody Lower East Side haunt.
Source: InterviewMag - 🏆 484. / 51 Read more »
Migrant Families Moved Out of Manhattan Hotel as Part of NYC Mayor's PlanMigrant families were relocated from a midtown Manhattan hotel as part of Mayor Eric Adams' initiative to alleviate pressure on the city's shelter system. The families are the first of many expected to leave city shelters in the following weeks.
Source: WOKVNews - 🏆 247. / 63 Read more »