SECURITIES AND EXCHANGE COMMISSION v. SALZANO
Case Number:
2:21-cv-12189
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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February 27, 2024
NJ Real Estate Fund Executive Cops To $658M Ponzi Scheme
The CEO of a Garden State real estate investment fund pled guilty in New Jersey federal court on Tuesday to defrauding more than 2,000 investors through a $658 million Ponzi scheme, while also evading millions of dollars in tax liabilities, according to federal prosecutors.
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October 13, 2022
NJ Real Estate Firm Execs Charged With $650M Ponzi Scheme
Two operators of a New Jersey real estate investment fund have been accused of misappropriating $650 million in investor funds as part of a purported Ponzi scheme, prosecutors said Thursday.