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January 17, 2024

Nightingale CEO Elie Schwartz Pays Back $3M Of Misappropriated CrowdStreet Funds

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At the eleventh hour, Nightingale Properties CEO Elie Schwartz made the first installment of the payment plan he agreed to in the fall as part of a settlement to pay back CrowdStreet investors whose money he misappropriated.

Now Schwartz has some $50M more to go.

Nightingale CEO Elie Schwartz Pays Back $3M Of Misappropriated CrowdStreet Funds

Schwartz made a $3M payment on Tuesday — the final day before he would have been declared in default, per the terms of the settlement agreement — Anna Phillips, the special fiduciary overseeing those entities, said in a message obtained by Bisnow.Phillips informed the hundreds of CrowdStreet investors who put cash into failed deals of the payment…

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This Week's Atlanta Deal Sheet: IT Firm Buying Central Perimeter Building For New HQ

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