$658 Million Ponzi Scheme Busted! What can we learn?

Update: 2024-03-01

Description

First article: https://www.justice.gov/usao-nj/pr/leader-real-estate-investment-firm-admits-role-658-million-ponzi-scheme-and-multimillion

Second article: https://patch.com/new-jersey/secaucus/nick-salzano-secaucus-pleads-guilty-658-million-ponzi-scheme

Someone just pled guilty to a heap of charges on a $658 Million Ponzi scheme with National Realty Investment Advisors (NRIA). What can real estate investors learn so we can protect ourselves and avoid investing in a Ponzi scheme?

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