'Hard-Money' Lenders Guilty Of Stealing Upfront Fees

By Pete Brush · June 24, 2026, 9:25 AM EDT

A Manhattan federal jury convicted two Florida men of using their "hard-money" commercial real estate finance company to steal $18 million in upfront fees, after prosecutors said they defrauded developers to...

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Case Information

Case Title

USA v. MALVASIO

Case Number

1:23-cr-00396

Court

New York Southern

Nature of Suit

Date Filed

August 03, 2023