Elchonon Schwartz pleaded guilty to running a massive investment fraud scheme that raised $62.8M he spent on luxury items.

Trump, tariffs, rates, oh my! Nothing seems likely to knock U.S. property from its top position as the world’s safest bet.

Elie Schwartz pleaded guilty to wire fraud for a $62.8 million investment fraud scheme, defrauding over 800 investors through misused funds for personal gains, with sentencing set for May 19, 2025.

Phoenix has landed again in the top 10 markets ranked by commercial real estate investors in a recent CBRE Group Inc. survey. The Valley ranked No. 10 — a drop from last year's seventh spot — and was one of several Sun Belt markets that investors rated high on their list for growth rates and strong demand for product.

A New York real estate mogul formally confessed to masterminding a multi-million dollar investment fraud scheme. Elchonon Schwartz, 46, of New York City, pleaded guilty to wire fraud in a Georgia federal courtroom on Wednesday,

Elchonon “Elie” Schwartz, a 46-year-old real estate executive from New York, has admitted to orchestrating a massive fraud scheme that misled over 800 investors and caused devastating financial harm.