The law firm of Federman & Sherwood has initiated an investigation into NRIA’s Chapter 11 bankruptcy. The Company, which has real estate projects in Florida, Pennsylvania, New Jersey, and New York, said it had assets worth $50 million to $100 million and liabilities of $500 million to $1 billion.
According to reports, NRIA, which purported to have $1.25 billion in assets under management in 2021, is under investigation by the FBI (Federal Bureau of Investigation), the SEC (Securities Exchange Commission), and state regulators in Illinois, New Jersey, Alabama.
If you have information about this matter or want to join in litigation to recover your losses, please contact our firm. Federman & Sherwood has over 40-years extensive nationwide experience representing investors to recover their losses.
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