Strip Mall Mogul Convicted in Scam Tied to Fake WeWork Bid (2)

A strip mall mogul was found guilty in New York of orchestrating a fake $77 million tender offer for WeWork Inc. to profit from stock options he bought in the days before the company filed for bankruptcy in November 2023.

Jonathan Larmore, 51, was convicted Tuesday of fraud in connection with a tender offer and securities fraud in federal court in Manhattan following a weeklong trial. The jury deliberated for about two hours before handing down the verdict. Larmore faces as long as 20 years in prison for each count at sentencing on March 4, although white-collar criminals rarely receive ...