In Deed! Ponzi Schemer Sells at Time Warner, Schocker's a Shocker in Harlem!

— Ponzi schemer James Nicholson‘s three-bedroom at the Time Warner Center has finally sold by the U.S. Marshal’s office for $6.75 million, The Real Deal reports. In typical U.S. Marshal’s office efficiency the condo sold for close to $2 million less than Mr. Nicholson’s $8.5 million purchase price two years ago. Mr. Nicholson is currently detained in a lower Manhattan jail while awaiting sentencing for duping investors out of $133 million through his Westgate Captial Management company. The buyer is cloaked under a whimsically named LLC—Lucky Charming Chad. The apartment was listed by Sotheby’s Anne Corey and Uni Kim Cregan.

— New York Philharmonic flutist, composer and pianist Gary Schocker and Richard Norton purchased a handsome brownstone at 215 West 137th Street in Central Harlem. The recently renovated, 19-foot-wide brownstone has a private garage. Mr. Schocker and Mr. Norton purchased the home from Vincent and Kim Van Doorn for the listing price of $2 million even. The four-story home is divided into a floor-through one-bedroom on the ground floor—ripe for renting—and the “owner’s triplex” above, which includes a butler’s pantry with its own Miele dishwasher and wine refridgerator.

cmalle@observer.com

In Deed! Ponzi Schemer Sells at Time Warner, Schocker's a Shocker in Harlem!