Lawsuit casts Riverside, Nussbaum Lowinger as architects of sprawling scheme
A federal lawsuit is pulling back the curtain on what may be one of the most extensive alleged real estate fraud operations to emerge from New York’s investment sales world in years. Lakewood-based Blueberry Funding and Florida lender EADMK sued Riverside Abstract, the defunct law firm Nussbaum Lowinger and a roster of executives tied to both companies, alleging they orchestrated a years-long scheme that relied on fraudulent property flips, misappropriated escrow funds and concealed kickbacks through charitable donations. The complaint, filed in Manhattan federal court, seeks the recovery of $87.5 million that plaintiffs claim should have been safeguarded in Nussbaum […]
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