# Simad Holdings Under Criminal Probe | Real Estate News

Page: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/simad-holdings-under-criminal-probe-real-estate-news
Text version: https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453/simad-holdings-under-criminal-probe-real-estate-news.md
Podcast: [Real Estate News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/real-estate-news-today-2-min-news-the-daily-news-now-7843453)
Published: 2026-07-27T20:35:03+00:00
Episode link: https://sources.thednn.ai/f4e70c0d2a3beb3f
Audio file: https://api.fastcast.ai/audio/997acd43-61fc-454a-a819-250352032de0.mp3
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JSON: https://stenobird.com/v1/public/podcasts/real-estate-news-today-2-min-news-the-daily-news-now-7843453/episodes/simad-holdings-under-criminal-probe-real-estate-news
Duration seconds: 75

## Resource

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: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/f4e70c0d2a3beb3f

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