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Real estate developer Michael Shvo, known for acquiring prestigious properties, is facing financial challenges after a multibillion-dollar shopping spree. His empire's unraveling is evident at a vintage car dealership in the Bay Area, with reports of employee revolt and global expansion plans for an Oceanarium in Jamaica and focus on Galapagos. The situation has attracted federal law enforcement attention.
New York developer Michael Shvo binged on trophy properties. Now his wager is flailing https://t.co/vdH05DN5MC
Exclusive: Real-estate developer Michael Shvo went on a multibillion-dollar shopping spree from 2018 to 2020, acquiring some of America’s most storied properties. Now, he is struggling to deliver. https://t.co/pjrkcLtAHF https://t.co/pjrkcLtAHF
Latest on the Mattson debacle: Signs of a real estate empire’s unraveling emerged at a Bay Area vintage car dealership By @juliejohnson @stjbs and @jachristian https://t.co/D8dkw8cmub
