Keith Larsen

3 days ago | therealdeal.com | Keith Larsen

Boruch Drillman’s judgment day is almost here — and his lawyer is taking great pains to paint him in the best possible light. The 36-year-old Drillman pleaded guilty in 2023 for his role in a $165 million mortgage fraud scheme. Drillman was among the first to plead guilty to a sprawling mortgage fraud investigation. The Department of Justice brought criminal charges against Drillman’s co-conspirators, Eli Puretz, Aron Puretz, Moshe Silber and Fred Schulman soon afterwards.

4 days ago | therealdeal.com | Keith Larsen

Former HFZ Capital Group executive Nir Meir has had a busy month. He was released April 1 on a $1 million bond after being held in Rikers for a year, only to be put back on Rikers three weeks later with a new attorney. Despite two hearings, Meir’s recent judge-ordered return to Rikers remains a mystery. And his new attorney, Matthew Galluzzo, along with the presiding Judge, really do not want the press or the public to know what’s going on.

1 week ago | therealdeal.com | Keith Larsen

Toby Moskovits’ creditors are back. The developer behind the Williamsburg Hotel battled lenders and investors for years in an attempt to hang on to her development firm Heritage Equity Group’s Brooklyn portfolio. But after lying low the past two years, and mostly avoiding new lawsuits, some of Moskovits’ problems from the past are returning.

1 week ago | therealdeal.com | Keith Larsen

A South Florida apartment mogul’s ambitious bet on South Dakota has turned into a disaster. Adam Hendry’s Tzadik Management put its massive South Dakota multifamily portfolio into bankruptcy protection. Tzadik’s crash is yet another example of a multi-family investor who went on a wild spree of apartment buying fueled with agency loans from Fannie Mae or Freddie Mac, only to be hit with rising interest rates and a trail of defaults and tenant complaints.

2 weeks ago | therealdeal.com | Keith Larsen

Mark Nussbaum, once a top attorney for Lakewood and Brooklyn machers, was arraigned Wednesday in Manhattan. The Manhattan District Attorney’s office alleged Nussbaum stole over $15 million that was supposed to be held in escrow accounts from two victims between September 2024 and March 2025. Nussbaum was arrested on Wednesday morning. Nussbaum arrived at New York Criminal Court handcuffed and dressed in a black hat with a Nike logo on the side, a black long-sleeved shirt and jeans.