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Ponzi Developer Seeks Leniency After Sobriety | Real Estate News
A former real estate developer turned Ponzi schemer, Josh Schuster, faces sentencing next month after admitting guilt in a $13 million fraud. In a letter to the judge, he pleads for leniency, citing four years of sobriety and volunteer work—including running free clinics abroad and aiding the homeless. His wife and lawyer echo his remorse, framing his addiction—worsened by stress and prescription painkillers—as the root of his downfall. But victims paint a starkly different picture: one investor lost $6 million over 55 years, describing stolen time and shattered trust. Prosecutors demand a…
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