Leader of Real Estate Investment Firm Admits Role in $658 Million …
Feb 27, 2024 · From February 2018 through January 2022, Salzano and others defrauded investors and potential investors of NRIA Partners Portfolio Fund I LLC (the “Fund”), a real estate fund operated by NRIA, of $650 million through lies, deception, misleading statements, and material omissions.
Leader of real estate investment firm sentenced to 12 years in …
Nov 12, 2024 · From February 2018 through January 2022, Salzano and others defrauded investors and potential investors of NRIA Partners Portfolio Fund I LLC (the “Fund”), a real estate fund operated by NRIA, of $650 million through lies, deception, misleading statements, and material omissions.
Former Employee Of Real Estate Investment Firm Indicted For Investment …
3 days ago · Turner was previously employed as Vice President of Project Management for NRIA, which held itself out as a real estate investment management fund with over $1.25 billion in assets under management. NRIA promised investors guaranteed returns of at least 12 percent per year for a period of five years, a full return of their investments, and ...
Two Leaders of Real Estate Investment Firm Indicted for $650 …
Oct 13, 2022 · From February 2018 through January 2022, Salzano and Grabato defrauded investors and potential investors of NRIA Partners Portfolio Fund I LLC, a real estate fund operated by NRIA, of $650 million through lies, deception, misleading statements, and …
Leader of real estate investment firm admits role in 658 million …
Feb 27, 2024 · The shadow chief executive officer of National Realty Investment Advisors LLC (NRIA) today admitted orchestrating a scheme to defraud more than 2,000 investors in a $658 million Ponzi scheme and conspiring to evade millions of dollars in tax liabilities, U.S. Attorney Philip R. Sellinger announced.
18 months after Secaucus-based NRIA closed for fraud, investors …
Approximately 18 months after the Secaucus-based National Realty Investment Advisors (NRIA) was shuttered for fraud after running an elaborate Ponzi scheme, many investors are still seeking refunds. Screenshot via ispot.tv.
SEC.gov | National Realty Investment Advisors LLC, Rey E.
On October 13, 2022 the Securities and Exchange Commission announced charges against New Jersey-based National Realty Investment Advisors LLC (NRIA) and four of its former executives for running a Ponzi-like scheme that raised approximately …
New Jersey Bureau of Securities Takes Action Against Secaucus …
Jun 21, 2022 · Their fraud involved selling securities – in the form of membership units in a real estate investment fund known as the NRIA Fund – to at least 1,800 investors across the country, including 380 investors in New Jersey.
Feds: NJ developers ran $650M Ponzi scam, sales boss admits role
Oct 14, 2022 · The fraud involved selling securities – in the form of membership units in a real estate investment fund known as the NRIA Fund – to people across the country, including 380 investors in...
National Realty Investment Advisors Investigated For $630M Fraud
Jul 4, 2022 · NRIA Fund was marketed through a nationwide campaign nationally on the radio and locally on billboards that guaranteed 12% returns and up to 21% returns. Instead, NRIA allegedly invested a quarter of investors’ funds in commercial mortgage-backed securities (CMBS) that were junk bond grade.