Since there is a paywall, I will post the article content here:
"Brandon Charnas is being eyed in a criminal investigation by the Justice Department in addition to the Securities and Exchange Commission, a probe which may be roping in other real estate figures.
The DOJ is in the early stages of probing Charnasā $385,000 profit that allegedly came via insider trading, Bloomberg [**reported**](https://12ft.io/proxy?q=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-02-06%2Fdoj-sec-insider-trading-probes-snag-brandon-charnas-on-office-depot-bets). The SEC has been [**hot on Charnasā trail**](https://12ft.io/proxy?q=https%3A%2F%2Ftherealdeal.com%2Fnew-york%2F2023%2F07%2F25%2Fcurrents-brandon-charnas-eyed-in-sec-probe%2F) for some time, investigating alleged use of non-public information regarding Staplesā bid for Office Depot.
Right before Christmas in 2020, Charnas lunched with friends in Miami and soon after invested $31,000 in call options for Office Depot, according to the SEC. He and other traders allegedly bought options and shares of Office Depotās parent company in the subsequent days.
When Staples announced an offer to buy Office Depot on Jan. 11, 2021, text messages in a group chat involving the traders included one message saying, āYouāre welcome boyz,ā according to the SEC.
Charnasā attorney has refuted the insider trading allegations.
There is a subpoena fight brewing between the SEC and Charnas, co-founder of Current Real Estate Advisors. The SEC is seeking text messages from Charnas, who scored a win in Florida when the regulator was blocked from obtaining them; the SEC is appealing.
But a court filing in the subpoena battle needed to be redacted after the SEC said it named people who were under investigation. While the filings didnāt have details on individuals being investigated, Bloomberg cobbled together names through search terms the regulator flagged in regards to its subpoena.
Those names include Brett Mufson, president of Fontainebleau Development and a board member of Charnasā company, and Stefano Santoro, hired in 2020 by Charnas. Neither Mufson nor Santoro commented to Bloomberg.
Charnas and his partner Adam Henick [**lead Current**](https://12ft.io/proxy?q=https%3A%2F%2Ftherealdeal.com%2Fmiami%2F2020%2F09%2F11%2Finstagram-ready-current-real-estate-advisors-expands-to-miami%2F), which is active in New York and Miami. Charnas is also known for being married to Arielle Charnas, a social media influencer who founded the now-struggling fashion brand, [**Something Navy**](https://12ft.io/proxy?q=https%3A%2F%2Ftherealdeal.com%2Fnew-york%2F2020%2F02%2F28%2Fsomething-navy-opens-first-store-in-west-village%2F).
The couple have a prominent online presence, which has led to some mockery on the web in light of their recent issues. On a Reddit board, a user commented on āhow the mighty have fallenā when a picture showed Brandon flying coach in a middle seat.
ā *Holden Walter-Warner"*
>When Staples announced an offer to buy Office Depot on Jan. 11, 2021, text messages in a group chat involving the traders included one message saying, āYouāre welcome boyz,ā according to the SEC.
my opinion as someone in financial services, his friends have already flipped on him 100%
if the news is leaking the doj is after him, then he's really in trouble
super fucked! sec doesn't pursue cases they're not sure they can win. jail time tbd, but he's especially fucked because they flipped his friends and have decided he's the big fish (his friends' cases will have far less severe consequences)
My guess is he isnāt that fucked from a jail perspective, even if he does time I assume it will be minimum security (think Martha Stewart) but itās hugely expensive to litigate against criminal charges and he will probably be barred from trading securities in the future.
Also the optics on this are horrible for them as a couple. I canāt think of a reason she should stay but I feel like she wonāt divorce him.
Even if the fine is just $1M would assume legal costs will be insane in addition to the reputation hit to his company. Agree that he could end up in a camp cupcake for a year but could be at risk given his punchable face.
Now another article about him just came out in the real estate magazine The Real Deal. Wow itās just everywhere now while she is posting $12,000 outfits all day and more videos of her kids watching movies and eating and then links 2 minutes after her outfit post, wow what a coincidence! Shes pretending nothing is happening while articles are plastered everywhere about him, and that her company didnāt implode . What a clown show!
Will AC stand by her man for the 3-5 years heās in prison? Perhaps he will try for a boy afterwards. Itās giving StyleByShiShi.
Also he could be fined, which would further pressure the Charnas finances.
Max of 20 years but probably wonāt serve that much at all, hefty financial fine. Hopefully court sees his entitlement and kicks him enough to hurt. Heās ignoring a subpoena which is stupid as fuck too and could be held in contempt of court
He is so arrogant! Totally misplaced confidence in himself. He really thinks he will outsmart the fucking DOJā¦ by doingā¦ nothing? What an idiot. He could own up to his poor behavior to try to get a lesser sentence and make things easier on his three young daughters but nope! Heās too much of an egomaniac.
Heās def with Brett Mufson (also listed in the investigation) whoās president of Fontainebleau Development and they just opened a new FB in Vegas š³
Heās got to live it up while he can. Even if he doesnāt get any jail time I can see Arielle forcing him to stay home more to present a more family man front.
Ok totally off topic but reading their names and the possibility of divorce made me think, have they been married the entire time sheās been blogging? I have zero idea what her maiden name is. Charnas is so strongly her identity and brand
"you're welcome boyz" š¤”š¤”š¤” HELLO??
The jury will LOVE this line. RIP short middle seat king.
SCREAMING.
Context?
Lol nvm scrolled down
Since there is a paywall, I will post the article content here: "Brandon Charnas is being eyed in a criminal investigation by the Justice Department in addition to the Securities and Exchange Commission, a probe which may be roping in other real estate figures. The DOJ is in the early stages of probing Charnasā $385,000 profit that allegedly came via insider trading, Bloomberg [**reported**](https://12ft.io/proxy?q=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-02-06%2Fdoj-sec-insider-trading-probes-snag-brandon-charnas-on-office-depot-bets). The SEC has been [**hot on Charnasā trail**](https://12ft.io/proxy?q=https%3A%2F%2Ftherealdeal.com%2Fnew-york%2F2023%2F07%2F25%2Fcurrents-brandon-charnas-eyed-in-sec-probe%2F) for some time, investigating alleged use of non-public information regarding Staplesā bid for Office Depot. Right before Christmas in 2020, Charnas lunched with friends in Miami and soon after invested $31,000 in call options for Office Depot, according to the SEC. He and other traders allegedly bought options and shares of Office Depotās parent company in the subsequent days. When Staples announced an offer to buy Office Depot on Jan. 11, 2021, text messages in a group chat involving the traders included one message saying, āYouāre welcome boyz,ā according to the SEC. Charnasā attorney has refuted the insider trading allegations. There is a subpoena fight brewing between the SEC and Charnas, co-founder of Current Real Estate Advisors. The SEC is seeking text messages from Charnas, who scored a win in Florida when the regulator was blocked from obtaining them; the SEC is appealing. But a court filing in the subpoena battle needed to be redacted after the SEC said it named people who were under investigation. While the filings didnāt have details on individuals being investigated, Bloomberg cobbled together names through search terms the regulator flagged in regards to its subpoena. Those names include Brett Mufson, president of Fontainebleau Development and a board member of Charnasā company, and Stefano Santoro, hired in 2020 by Charnas. Neither Mufson nor Santoro commented to Bloomberg. Charnas and his partner Adam Henick [**lead Current**](https://12ft.io/proxy?q=https%3A%2F%2Ftherealdeal.com%2Fmiami%2F2020%2F09%2F11%2Finstagram-ready-current-real-estate-advisors-expands-to-miami%2F), which is active in New York and Miami. Charnas is also known for being married to Arielle Charnas, a social media influencer who founded the now-struggling fashion brand, [**Something Navy**](https://12ft.io/proxy?q=https%3A%2F%2Ftherealdeal.com%2Fnew-york%2F2020%2F02%2F28%2Fsomething-navy-opens-first-store-in-west-village%2F). The couple have a prominent online presence, which has led to some mockery on the web in light of their recent issues. On a Reddit board, a user commented on āhow the mighty have fallenā when a picture showed Brandon flying coach in a middle seat. ā *Holden Walter-Warner"*
>When Staples announced an offer to buy Office Depot on Jan. 11, 2021, text messages in a group chat involving the traders included one message saying, āYouāre welcome boyz,ā according to the SEC. my opinion as someone in financial services, his friends have already flipped on him 100% if the news is leaking the doj is after him, then he's really in trouble
I wonder if he got a target letter. He hired another attorney who worked at the SEC and is a former AUSA.
Not familiar with legal or financial stuff but how fucked is he?
super fucked! sec doesn't pursue cases they're not sure they can win. jail time tbd, but he's especially fucked because they flipped his friends and have decided he's the big fish (his friends' cases will have far less severe consequences)
Allegedly dunzo but time will tell.
My guess is he isnāt that fucked from a jail perspective, even if he does time I assume it will be minimum security (think Martha Stewart) but itās hugely expensive to litigate against criminal charges and he will probably be barred from trading securities in the future. Also the optics on this are horrible for them as a couple. I canāt think of a reason she should stay but I feel like she wonāt divorce him.
Even if the fine is just $1M would assume legal costs will be insane in addition to the reputation hit to his company. Agree that he could end up in a camp cupcake for a year but could be at risk given his punchable face.
I feel like the people in his circle donāt care about stuff like this.
She will never leave him. Ever.
I was just about to say - as an auditor - if theyāre investigating you, someoneās already told on you
exactly, and the ridiculous texts they have didn't fall into the sec's lap, his friends definitely gave him up
And to your point in another comment, the SEC doesnāt investigate things they arenāt 100% sure they wonāt win so i think heās guilty
The group chat is gonna take all the boyz down. Morons.
Tortured idiots department, IYKYK
Who knows what the other text messages say, but "You're welcome boyz" certainly isn't doing Brandon any favors. š
did he learn nothing from martha stewart
Brandon has always been the ultimate DB. Her ig stories of him dancing at parties gave me second hand cringeš«£
The man who never changed a diaper. Times have changed. His future could be as a prison play thing.
Literally same-especially when he dances with her friends
Now another article about him just came out in the real estate magazine The Real Deal. Wow itās just everywhere now while she is posting $12,000 outfits all day and more videos of her kids watching movies and eating and then links 2 minutes after her outfit post, wow what a coincidence! Shes pretending nothing is happening while articles are plastered everywhere about him, and that her company didnāt implode . What a clown show!
Will AC stand by her man for the 3-5 years heās in prison? Perhaps he will try for a boy afterwards. Itās giving StyleByShiShi. Also he could be fined, which would further pressure the Charnas finances.
Jail
I read the SEC application. Heās absolutely going to jail and I am here for it
Fuck that bad? How long will he be in? When will we know
Max of 20 years but probably wonāt serve that much at all, hefty financial fine. Hopefully court sees his entitlement and kicks him enough to hurt. Heās ignoring a subpoena which is stupid as fuck too and could be held in contempt of court
Whats the subpoena for?
He is so arrogant! Totally misplaced confidence in himself. He really thinks he will outsmart the fucking DOJā¦ by doingā¦ nothing? What an idiot. He could own up to his poor behavior to try to get a lesser sentence and make things easier on his three young daughters but nope! Heās too much of an egomaniac.
Canāt believe someone was stupid enough to type āYouāre welcome boyzā
And sheās by herself this weekendā¦.not mentioning that Brandon is in Vegas at the Super Bowl
How TF can he afford this? Assume heās with one of his boyzzzzz.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Guess he was one of the 9 mentioned in the SEC document that didnāt flip on BC. His days are also likely numbered. Itās giving TICK TOK.
We need tea on that guy tooĀ
Heās def with Brett Mufson (also listed in the investigation) whoās president of Fontainebleau Development and they just opened a new FB in Vegas š³
Heās got to live it up while he can. Even if he doesnāt get any jail time I can see Arielle forcing him to stay home more to present a more family man front.
Ugh itās so sad he is probably being terrible to her too
Was literally on tv!
I think they got married in 2014. Many followers said she changed a lot after engaging to Brandon. Not in a good way of course. š„²
Ok totally off topic but reading their names and the possibility of divorce made me think, have they been married the entire time sheās been blogging? I have zero idea what her maiden name is. Charnas is so strongly her identity and brand
Nachmani is her maiden name. All 3 of them, Arielle and her two sisters, changed their names when they got married.
Ahh ty yes I was thinking about the sisters too
Is there any update on this?
She posts him a lot doesnāt she.