Moshe Silber is out of prison, but he is staring down a major financial hole.  The investor and his business partner, Fred Schulman, were ordered to pay $21.7 million in restitution to their lender, JLL. The pair pleaded guilty over a year ago to a mortgage fraud scheme in which they obtained an inflated loan for a 976-unit rental property in Cincinnati.  A lawyer for Silber and Schulman argued the duo did not owe any restitution to JLL, claiming that employees of the lender were well aware of the fraud. The defendants pleaded guilty in 2024 to a conspiracy to […]

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