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Acting N.J. U.S. Attorney: Former Chief Investment Officer Admits Bank Fraud Relating To $91.5 Million Commercial Loan
March 17, 2021
NEWARK, New Jersey, March 17 -- The Acting U.S. Attorney for the District of New Jersey, Rachael A. Honig, issued the following news release on March 16, 2021:

A former chief investment officer of a medical property management company pled guilty today to a bank fraud conspiracy involving a $91.5 million commercial mortgage loan, Acting U.S. Attorney Rachael A. Honig announced.

Barton Schack, 65, of Ringwood, New Jersey, was charged by information with one count of cons . . .

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