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HFZ Capital Group’s luxury developers staked their futures on Bjarke Ingels’s High Line debut and lost everything. Over the past 18 months, the firm has been obliterated by foreclosures and investor lawsuits.
Developer Nir Meir was indicted with several other real estate executives for allegedly stealing at least $86 million.
John Simonlacaj (The Xi, Getty) A former HFZ Capital executive faces four months in prison for his connection to an alleged construction bribery scheme. In January, John Simonlacaj, HFZ’s former managing director of development, copped to submitting a false tax return related to renovation work at his home. He had accepted $100,000 worth of free labor and materials from CWC Contracting, a carpentry subcontractor — allegedly controlled by the Gambino crime family — that worked on the XI, HFZ’s $2 billion luxury condo and hotel in Chelsea. Simonlacaj failed to report $56,000 worth of th...
Former US Attorney Rudolph Giuliani and FBI Director William Webster look at chart of "The Commission" of La Cosa Nostra during a press conference at which reputed godfathers of the nation's five most powerful Mafia families were indicted as overlords of "The Commission" in 1985. Bettmann/Getty Images Members of the Gambino crime family pleaded guilty to money laundering and wire fraud, the DOJ said. Some of the crimes were committed through CWC Contracting Corp, the family's carpentry company. The defendants will pay over $1.6 milli...
POLITICO Get the New York Playbook newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Presented by Uber Driver Stories At first, New York’s Covid-19 vaccine problem was that it couldn’t get the doses it had into people’s arms fast enough. With strict rules in place limiting who was eligible,