Mendel Steiner’s ponzi scheme fueled collapse of Nussbaum Lowinger, lawsuit alleges

When Mark Nussbaum’s law firm collapsed last year, it left clients scrambling to recoup missing escrow funds – and wondering where their money had gone. A newly filed lawsuit now points to a dead Brooklyn real estate investor as the alleged linchpin of a sprawling scheme in which hundreds of millions of dollars were siphoned from client escrow accounts.  The lawsuit, filed by the lawyer handling the liquidation of Nussbaum’s former law firms, seeks to recover about $330 million from two entities formerly tied to the late Borough Park-based real estate investor Mendel Steiner. It alleges that Steiner ran a […] This article originally appeared on The Real Deal. Click here to read the full story.