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Real-estate developer sentenced for embezzling more than $933K from Cleveland s New East Side Market

Real-estate developer sentenced for embezzling more than $933K from Cleveland s New East Side Market
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Jury finds Aurora man guilty of embezzling nearly $900,000 from non-profit

An Aurora man is awaiting sentencing in the embezzlement of nearly $900,000 meant to help residents of Cleveland's Glenville neighborhood.

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Former Eastside Market managing partner convicted of wire fraud

Prosecutors say Arthur Fayne stole more than $880,000 from the nonprofit behind the project, instead blowing the money at various casinos.

New yorkUnited statesBasheer jonesCleveland glenvilleMyronp watsonLouis vuittonArthur fayneWatson kuhlmanOhio neighborhood health servicesBusiness development conceptsCleveland city councilUs district courtNew eastsideNew eastside marketNortheast ohio neighborhood health servicesEastside market

Developer Charged With Embezzlement | Newsradio WTAM 1100

Dec 10, 2020 (Cleveland) - Federal prosecutors say a property developer s gambling debt has in in trouble. The U.S. Attorney s office in Cleveland says Arthur Fayne stole over $885,000 that was intended to go to contractors involved in the construction of Eastside Market, a grocery store project in the Glenville neighborhood, and used it to cover his gambling debts. Fayne is facing nine charges in federal court. His lawyer told cleveland.com that the feds simply don t understand the situation, and said all of the contractors on the project were paid. (Copyright 2020, iHeartMedia)

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