Peter Pays Paul

Inside commercial hard money lending.

18 Dec

Madoff Scandal Shaking Real Estate Industry – NYTimes.com

Category: Commercial Real Estate

Almost no segment of New York City’s real estate industry was spared in the Madoff scandal, which may be history’s largest Ponzi scheme: commercial brokers large and small, little-known developers and prominent families like the Wilpons and Rechlers all lost money to Bernard L. Madoff, industry executives say.

Madoff Scandal Shaking Real Estate Industry – NYTimes.com.

Tags: Commercial Real Estate, New York


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Posted Thursday, December 18th, 2008 at 10:04 am
Filed Under Category: Commercial Real Estate
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