Josh Schuster to plead guilty to $10M Ponzi scheme - The Real Deal
Josh Schuster plans to plead guilty to a $10 million Ponzi scheme, according to prosecutors.
therealdeal.comHere’s the latest I can share based on public reporting:
-
Josh Schuster, a developer formerly associated with Silverback Development, was in the news for planning to plead guilty to a $10 million Ponzi-type scheme, facing up to 20 years in prison. This development was reported by The Real Deal in February 2026.[1]
-
Coverage around the story also noted that Schuster had switched attorneys and was previously charged with wire and securities fraud related to the same scheme. The updates from mid-to-late February 2026 indicate a plea change from not guilty to guilty on a specific count.[1]
-
Related materials and discussions in early 2026 included summaries and social posts noting the plea change, with additional reporting and podcasts analyzing who is affected and broader implications for related real estate and investment cases.[2][4][6]
If you’d like, I can pull more recent updates or dive into specific aspects (e.g., case docket details, plea proceedings, or investor impact) and provide a concise timeline with citations.