Former Real Estate Investment Firm Head Sentenced to 7 Years for $62.8
Elchonon "Elie" Schwartz, the former head of a commercial real estate investment firm, has been sentenced to over seven years in federal prison for defrauding investors out of $62.8 million. Details released by the U.S. Department of Justice reveal that Schwartz, who ran an elaborate scheme through the crowdfunding site CrowdStreet Marketplace, convinced more than 800 investors to pour money into what was promised to be a prosperous commercial complex in Atlanta. According to a statement from the U.S Attorney's Office, Schwartz was adept at painting a picture of meticulous money...



