DOJ launches criminal investigation into camps owner Simad Holdings, David and Michael Shabsels
The Department of Justice launched a grand jury investigation into Simad Holdings and its controlling shareholders, Michael and David Shabsels, according to a filing on the Tel Aviv Stock Exchange. The U.S. Attorney’s Office for the Eastern District of New York is conducting the investigation. As part of the probe, Simad received a request to hand over documents. The company also mentioned it is aware of a separate civil investigation brought by the U.S. Attorney’s Office for the Southern District of New York into Paycheck Protection Program (PPP) fraud. Simad said it is cooperating with the investigations. This marks a […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
When Real-Life Real Estate Mirrors That Of TV Shows
Inside The Dolce Vita Flat: Where Fashion Meets Interior
Design
Selling Your Home? What You Should Know About Price Cuts vs.
Rate Buydowns.
What the Silver Tsunami Means if You’re Planning To
Sell
What Experts Forecast for Mortgage Rates and Home Prices in
2027
The Home Insurance Move That Could Save You $440 a
Year
Progressive gains in Albany spell trouble for landlords
after Election Day
“It’s a bloodbath”: Fannie, Freddie flee Mamdani’s
rent-freeze train wreck
What the “blue wave” could mean for Compass
NY Dirt: Schmoozing at Somos shapes the year’s land use
agenda
