A Manhattan federal jury in New York has convicted the former CEO of real estate investment firm Arciterra, identified as a strip mall mogul, for orchestrating a fake $77 million tender offer for WeWork. The fraudulent activity occurred just before WeWork filed for bankruptcy in November 2023. The verdict was reached in the trial of US v. Larmore, where the jury found the defendant guilty on both counts. The case highlighted significant fraudulent practices in the real estate and investment sectors.