Fla. Developer Who Stole $13M From Backers Gets 4 Years

By Pete Brush · August 11, 2026, 1:26 PM EDT

A Manhattan federal judge on Tuesday hit a Florida developer with a four-year prison sentence after he admitted to pocketing proceeds from membership interests in real estate projects he pitched to...

To view the full article, register now.

Documents

Case Information

Case Title

USA v. SCHUSTER

Case Number

1:25-cr-00204

Court

New York Southern

Nature of Suit

Date Filed

May 06, 2025