Episode

Simad Holdings Under Criminal Probe | Real Estate News

Podcast
Real Estate News Today | 2 Min News | The Daily News Now!
Published
Jul 27, 2026
Duration seconds
75
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https://sources.thednn.ai/f4e70c0d2a3beb3f
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Summary

Simad Holdings and its brothers David and Michael Shabsel are under fire as the DOJ launches a criminal probe and the Southern District investigates potential PPP fraud — both while the once-thriving summer camp empire, now in bankruptcy, sells off iconic camps like Mohawk and Chen-A-Wanda to survive amid a financial collapse fueled by years of risky leverage. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/f4e70c0d2a3beb3f