A grand jury has indicted Vision & Beyond and co-founders Stanislav Grinberg and Peter Gizunterman for a $50 million bank fraud conspiracy. The Israeli entrepreneurs allegedly double-pledged properties to obtain multiple loans and worked with two title company employees to hide information from lenders and investors. Grinberg and Gizunterman, who met while serving in the Israeli Defense Forces, founded Vision & Beyond in 2019 and acquired 100 apartments and residential properties in and around Cincinnati, with the goal of renovating the properties. But the pair allegedly started by double pledging properties to get loans. They also inflated financial information such […]
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