SECURITIES AND EXCHANGE COMMISSION v. SALZANO

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Case Number:

2:21-cv-12189

Court:

New Jersey

Nature of Suit:

Securities/Commodities

Judge:

Brian R. Martinotti

Firms

Government Agencies

  1. 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.

  2. 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.