The FBI is offering a cash reward of up to $150,000 for information leading to the arrest and conviction of Rey E. Grabato II, a fugitive real estate executive added to the bureau's Most Wanted Fraudsters list. [1, 2]
Case Overview
As former president of National Realty Investment Advisors, LLC (NRIA), Grabato is accused of running a Ponzi scheme from 2018 to 2022 that defrauded roughly 2,000 investors of over $650 million. The scheme allegedly marketed a failing real estate fund as profitable, with many victims located in New Jersey. Additionally, he faces charges for conspiring to evade $26 million in tax liabilities. [1, 2, 3]
Fugitive Status & Description
Following a federal warrant issued in Newark on October 12, 2022, for securities fraud, wire fraud, and conspiracy, Grabato fled and is believed to be hiding in the Philippines. [1, 2, 3]
How to Submit a Tip
The FBI urges anyone with information to contact them: [4]
- Online: tips.fbi.gov.
- Phone: 1-800-CALL-FBI (1-800-225-5324).
- International: Contact the nearest U.S. Embassy or Consulate. [1, 3]
I can provide more information on other individuals on the Most Wanted Fraudsters list or the specific methods used in the NRIA scheme.