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Bankrupt NJ Developer Gets Cease-And-Desist

Feds: NJ developers ran $650M Ponzi scam, sales boss admits role

Instead of making good for big investors, Nick Salzano and Rey Grabato are accused of funneling millions from National Realty Investment Advisors into Shore vacations, a no-show job and even erectile dysfunction meds.

NJ Attorney General issues cease and desist to Secaucus-based NRIA

Bankrupt New Jersey Developer NRIA Accused of $630M Fraud

Bankrupt New Jersey Developer NRIA Accused of $630M Fraud
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