Mark Nussbaum, a disgraced Manhattan attorney and real estate fixer, said in new legal filings that he diverted $336 million from his law firm’s escrow clients to real estate investor Mendel Steiner between 2022 and 2025. The filings reveal the inner workings of Nussbaum and Steiner’s alleged Ponzi scheme, where some creditors were offered “fictitious investment opportunities regarding supposed proof of funds transactions or purchases of real property that did not really exist,” said Nussbaum. “Phony emails, escrow agreements, and deal documentation were used; non-existent third-parties in whose names the deals were supposedly being done were invented,” the filings state. […]
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