Taking a page from Diddy’s book, this bigtime thief announces he’s now all about “intense religious study, community service and therapy,” so he should only suffer a touch of probation rather than the heavy jail time he richly deserves.
“Schwartz’s greed was boundless.” US District Attorney, Georgia.
And as to whether, day after tomorrow, he’ll actually get his ass out of his 19 million dollar penthouse, what do you think? A liar who has reneged on every promise he ever made… Leave? Not leave? Cough up those daily contempt fines? Hm… hm… “Even though it was put on the market last year for $19M, attorneys … wrote in bankruptcy court filings that Schwartz, his wife and children continued to live there, preventing any genuine attempts at a sale. It has since been taken off the market.”
“He never closed on [promised business] deals and instead drained roughly $54M from [clients] to spend on personal expenses, luxury watches.” One of the watches was a $120K Grönefeld 1941 Remontoire.
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UPDATE: Schwartz, the Brooklyn-born real estate investor, had more than a dozen supporters in the courtroom, who let out a gasp when [the judge] issued [a] seven-year, three-month sentence.
GASP — A person who stole 54 million dollars GETS PRISON TIME???