Crime

Pictures of Nevin Shapiro's Mansion: This Is What An $880 Million Ponzi Scheme Buys You

You've got a steamrolling Ponzi scheme churning out cash so fast that you can't spend it all. You've already leased the $4,700-per-month Mercedes-Benz S65 AMG with rims fatter than Fat Joe and dropped $1.5 million on a Riviera yacht. But where do you hang your (gold-plated) hat after a long day of swindling?

If you're Nevin Shapiro -- the University of Miami booster and South Beach player who pleaded guilty in September to a $880 million Ponzi -- you book a $6 million bay-front lair and stock it with flat-screen TVs, sports memorabilia and vintage games. Riptide recently got a full tour.


Read New Times this week for a feature about Nevin Shapiro, the gambling, status-obsessed, violent Caligula of South Florida's Ponzi empire.

In 2005, Shapiro dropped $6 million for a 1934 manse at 5380 N. Bay Road -- then spent hundreds of thousands pimping out the interior.

Mirce "Miki" Curkoski, a realtor with One Sotheby's International Realty, took Riptide on a tour of the home, which he's now trying to sell for Joel Tabas, the trustee in charge of recovering whatever Shapiro assets are left. (Like what you see? It's still on the market for $5.9 million! Email Curkoski here if you've got that kind of cash to burn.)

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Tim Elfrink is a former investigative reporter and managing editor for Miami New Times. He has won the George Polk Award and was a finalist for the Goldsmith Prize for Investigative Reporting.
Contact: Tim Elfrink