麻花传媒

麻花传媒 LLC Investigates Recovery Options for NRIA Investors

Posted on June 23rd, 2022 at 8:33 AM
麻花传媒 LLC Investigates Recovery Options for NRIA Investors

From the Desk of Jim Eccleston at 麻花传媒:

Headquartered in Secaucus, NJ, National Realty Investment Advisors (NRIA) recently declared bankruptcy amid investor redemption requests, federal and state investigations, and unsustainable debt. 

 

As recently reported, NRIA has been the subject of a cease and desist order (Order) by the New Jersey Bureau of Securities (the Bureau), following a factual finding by the state securities regulator that NRIA and certain of its principals and executives allegedly engaged in a $630 million fraud scheme between 2018 and 2022. In addition, at the federal level, the U.S. Securities and Exchange Commission (SEC) is investigating NRIA and its business practices. 

 

The fraud alleged by the Bureau involved the selling of certain securities, specifically in the form of membership units in certain real estate fund offerings, to at least 1,800 investors nationwide, including 380 investors in New Jersey. As alleged by the Bureau in its Order, NRIA’s principals touted the NRIA Fund as a billion-dollar-plus real estate development enterprise focused on developing high-end real estate in gentrifying city neighborhoods in Philadelphia, PA, Brooklyn, NY, North Jersey’s Gold Coast, and Palm Beach County, FL. 

 

NRIA’s principals include Mr. Rey Grabato (Hoboken, NJ), President of NRIA; D, Coley O’Brien (Southampton, NY), co-CIO of the NRIA Fund; Thomas Nicholas Salzano (Secaucus, NJ), senior executive advisor and portfolio manager of the NRIA Fund; and Arthur Scutaro (Bloomfield, NJ), executive vice-president of project management and advisor to the NRIA Fund. 

 

If you are or know an NRIA investor, please contact us. Our investigation, review of your information and documents, and consultation all are no-charge and no-obligation. Contact us today.

 
 

Tags: eccleston law, nria, investors

Return to Archive

TESTIMONIALS

Previous
Next

If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, 麻花传媒 Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it 麻花传媒.

Rick R.

LATEST NEWS AND ARTICLES

October 30, 2025
SEC Sues Former Franchise Group CEO Over $350 Million Hedge Fund Fraud

The Securities and Exchange Commission (SEC) filed a lawsuit against Brian Kahn, former CEO of Franchise Group Inc., alleging he defrauded investors of more than $350 million in a multi-year investment adviser fraud tied to the collapse of Prophecy Asset Management (Prophecy).

October 29, 2025
FINRA Foundation Study Reveals Alarming Investor Susceptibility to Fraudulent Offers

The FINRA Investor Education Foundation (FINRA Foundation) has released preliminary findings from its upcoming report, Investors in the United States: A Report of the National Financial Capability Study.

October 28, 2025
UBS Seeks Court Order Against $1.4 Billion Florida Advisory Team Over Client Solicitation Allegations

UBS Wealth Management USA has filed a lawsuit and requested a temporary restraining order (TRO) against a $1.4 billion advisory team that recently departed to join Elevation Point, a West Palm Beach-based registered investment advisor launched just 15 months ago.