Nir Meir, the former managing director of luxury developer HFZ Capital Group, was arraigned before a judge in lower Manhattan after being arrested in Miami earlier this month. Despite being a first-time offender with a nonviolent crime, offering to surrender his passports, and having a young family, Meir was denied bail and sent back to Rikers Island, as reported by @TheKeithLarsen in @trdny. He is being held on a $5 million bail in connection with a fraud case involving three projects, including the Bjarke Ingels–designed One High Line. His partner, Ziel Feldman, has not been charged. Reports indicate Meir previously spent a fortune on wine and cars before his arrest.