The head of a New York City commercial real estate investment firm pleaded guilty for coordinating a fraud scheme that siphoned $62.8 million from more than 800 investors. Elchonon “Elie” Schwartz, in his role as the CEO of Nightingale Properties, solicited...
An Indiana real estate developer was sentenced to 41 months in prison for his role in a fraud scheme aimed at real estate investors. According to court documents, Herbert “Bert” Whalen operated Oceanpointe Property Management in Indianapolis from August 2016 to July...
Kiavi, a San Francisco-headquartered private lender to residential real estate investors, announced it has expanding into 13 states, bringing its nationwide presence to 45 states and the District of Columbia. According to the company, it is now able to serve real...
A Phil Hall Op-Ed: The other day, I had a conversation with Bart de Brujin, the co-founder of EstateX, a new real estate platform tokenization platform. EstateX promotes itself as a “revolution in the real estate industry” – while I can’t vouch for a revolution in the...
A former executive with a now-defunct New Jersey-based real estate investment firm was indicted for his role in an investment fraud scheme and for misappropriating approximately $2.3 million from investors. Ivel Turner, who was vice president of project management for...
Pulte Says Fannie Mae and Freddie Mac Are Ramping Up MBS Purchases
