Crowdfunding Industry Tries To Restore Confidence In Wake Of Nightingale Fraud Allegations

Scandal has rocked the real estate crowdfunding industry over the past month, after Nightingale CEO Elie Schwartz was accused of walking away with tens of millions raised from small-time investors on the CrowdStreet platform. 

It’s a black eye for the industry — which has only existed for about a decade — and it has prompted some of CrowdStreet's competitors to soothe their own customers by reassuring them they are more protected from possible fraud than the hundreds of investors who lost money by investing in Nightingale deals through CrowdStreet.

"This has been a challenging few weeks in the online real estate investing realm," RealtyMogul told investors in a letter published on Reddit last month. "While we have no comment on [the Nightingale] incident, we are saddened and concerned whenever investors in our…

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West Coast Port Workers To Vote On Labor Agreement

This week, port workers along the West Coast will vote on whether to officially approve a new contract that will stave off labor disruptions and add much-needed certainty at the country's busiest cargo ports. The contract was tentatively agreed upon by labor leaders in June, but now membership of

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'More Of An Infomercial Than A Meeting': Critics Blast 76ers' Heavily Moderated Virtual Meeting Series

As the Philadelphia 76ers continue to make a public case for their Center City arena proposal, the team continues to run into issues with the vehemence of opposition.

76 DevCo hosted the first of a series of virtual public meetings on Zoom Tuesday night, giving a 30-minute presentation of its current proposal for 76 Place and its arguments for decisions such as not planning to build any parking.What followed…

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