The beautiful Panoramic View resort in Montauk, which was seized by the federal government after its owners were convicted of running a Ponzi scheme, is finally going to be put up for sale. Notices were sent out last week on behalf of the Department of Justice to interested parties that unsold cooperative shares belonging to Distinctive Ventures, the LLC run by fraudsters Brian Callahan and Adam Manson, were available for a blind bidding package. (An anonymous source sent us the documents.) The sale will enable victims of the scheme to be repaid, and also will enable Callahan and Manson to be sentenced.
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