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Ponzi Properties Sold

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James Nicholson, the ponziriffic ex-hedge funder who was found guilty of misleading investors and overstating returns, just had his ex-digs at the Time Warner Center successfully sold by the U.S Marshals for $6.75 million. He purchased the 1,987 square foot apartment for $8.5 million. His other properties in Southampton, Palm Beach and New Jersey total a value of over $46 Million and are in the process of being sold off as well. [The Real Deal]