A federal judge on Long Island has ordered the sellers of a beachfront resort to forfeit $40 million in proceeds from the court-ordered sale.
December 18, 2015 at 11:00 PM
1 minute read
A federal judge on Long Island has ordered the sellers of a beachfront resort to forfeit $40 million in proceeds from the court-ordered sale.
The sale of the Panoramic View Resort and Residences in Montauk was ordered after the owners pleaded guilty to running a $100 million Ponzi scheme to pay for it.
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