In a new case filed against Santa Monica’s biggest developer, NMS Properties, a hedge fund accuses the major Los Angeles developer of acting like a “criminal enterprise” that operates through forgeries, lies, threats and sham lawsuits.

The latest lawsuit filed by AEW alleges NMS’s CEO Neil Shekhter’s misdeeds go far beyond submitting forged documents to the court. The lawsuit claims he has sent fake contracts to banks and lenders to confuse the terms of a joint venture agreement (JVA) between the two companies worth more than half a billion dollars.

Read More: http://smdp.com/new-management-takes-over-former-nms-buildings/159620