Michael Shvo indicted on tax evasion charges

Michael Shvo (image credit Studio Scrivo)
Michael Shvo (image credit Studio Scrivo)

From the Real Deal: Michael Shvo turned himself into the Manhattan district attorney’s office Thursday morning, The Real Deal has learned. The luxury broker-turned developer is being indicted on tax evasion charges related to his extensive art collection. Shvo turned himself at 1 Hogan Place, according to documents from Manhattan DA Cyrus Vance Jr.’s office. He was released on bail of $500,000. [more]