Judgment Day: Burned Investors Move To Seize Elie Schwartz’s Assets
23
Apr

Judgment Day: Burned Investors Move To Seize Elie Schwartz’s Assets

Nightingale Properties CEO Elie Schwartz’s plan to pay back the crowdfunding investors he allegedly swindled out of more than $50M in quarterly installments has fallen apart after he missed a critical deadline last week. 
Now those investors are moving to seize Schwartz’s assets and force him to pay back what he owes — nearly $55M — immediately, according to new court filings. The trustee managing the effort said Friday she is already in possession of a number of Schwartz’s watches and pieces of jewelry that she plans to liquidate. Bisnow News Feed