Nir Meir Indicted in $86M Real Estate Fraud Scheme

Former HFZ Capital Group executive and accomplices charged with orchestrating a multimillion-dollar fraud, leading to the foreclosure of a luxury Manhattan condo project.

Nir Meir, a former executive at HFZ Capital Group, has been indicted for orchestrating an $86M fraud scheme, affecting investors, subcontractors, and New York City.
Meir and accomplices allegedly diverted funds from a luxury Manhattan condo project, leading to its foreclosure and financial collapse of HFZ.
The scheme involved inflating invoices, forging bank statements, and misappropriating funds for unrelated projects.
Meir was arrested in Miami Beach and is being extradited to New York, while all defendants have pleaded not guilty.
The case highlights widespread fraud within the real estate industry, with Manhattan DA Bragg emphasizing the impact on investors and the market.