NYC Developer Nir Meir Indicted in $86M Fraud Scheme

NYC developer Nir Meir, of HFZ Capital Group, is facing charges for allegedly orchestrating an $86 million fraud scheme involving luxury real estate projects near the High Line. Four alleged accomplices, including executives from a construction company, were arraigned on charges of grand larceny, conspiracy, and criminal possession of stolen property. The schemes involved diverting funds intended for projects, forging documents, and unpaid city property taxes. Meir's arrest marks a stunning downfall for the once-prominent developer, and additional defendants are expected to surrender to authorities.