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
Weekend Recap: The Battle for Unique Inventory
Salvation or false hope? Article XI lures landlords
Inside rising townhouse prices across New York
City
NYC’s top deals: Bowery Grand Hotel sells for $8M
Two years later, Brandon Miller fallout ripples through real
estate
NY Dirt: Three takeaways from the Pacific Park MOU
Rabsky co-founders Simon Dushinsky and Isaac Rabinowitz
split. Sort of.
We Buy Houses Salisbury, NC: Top 5 Companies
We Buy Houses Muskogee, OK: Top 5 Companies
We Buy Houses Owasso: Top 5 Companies
