Nir Meir helped run the firm HFZ Capital Group, which became a major developer of luxury housing but collapsed amid investor lawsuits and foreclosures.

A former executive at a prominent New York City development firm that collapsed amid an avalanche of investor lawsuits and foreclosures was arrested this week and is expected to be charged in connection with a multimillion-dollar fraud scheme, according to several people with knowledge of the case.

The developer, Nir Meir, was taken into custody on Monday at the 1 Hotel South Beach in Miami and was expected to be extradited to New York City on the charges, which were brought by the Manhattan district attorney’s office, the people said.

At least 10 people and businesses were expected to be charged in a series of indictments brought by the district attorney, Alvin L. Bragg — part of a sprawling web of suspected criminal conduct involving Mr. Meir’s former company, HFZ Capital Group, and its development of a luxury condominium project in Manhattan called the XI.

Those expected to be charged include several people involved with the construction firm Omnibuild, which worked on at least one major HFZ project, including a chief executive at the company, John Mingione, some of the people with knowledge of the matter said.

The indictments are expected to charge that they conspired to steal millions of dollars from investors in the XI by falsifying construction costs from June 2019 until September 2020. Some of the defendants in the case are scheduled to be arraigned as early as Wednesday.

A spokeswoman for the district attorney’s office declined to comment. A representative for Mr. Meir, whose arrest was first reported by Curbed, could not be reached for comment. The charges against Mr. Meir are expected to include tax fraud, falsifying business records and grand larceny, including theft that prosecutors believe continued until late last year.

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