FBI Targets Fraudster Who Stole $650M | Newark News

FBI just added Rey E. Grabato to their Most Wanted Fraudsters list after he allegedly stole $650 million from investors through a fraudulent investment scheme. The agency is offering a $150,000 reward for his capture. As president of National Realty Investment Advisors LLC, Grabato and co-conspirators allegedly lied about the fund’s value between 2018 and 2022. He faces multiple felony charges including securities fraud, wire fraud, and tax evasion, with an arrest warrant issued in October 2022. Authorities are on high alert as this case underscores the growing crackdown on sophisticated financial scams. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/426be7b36030fe78