Blog | Excelion Victims Board Updates

Gruzman & Nemirovsky in Moscow

Tel Aviv Magistrate's Court Rejects Gruzman, Nemirovsky, and Excelion's Request and Approves the Continued Operation of the Excelion Victims Board Website

the law firm filed an urgent request with the Tel Aviv Magistrate’s Court to cease its representation of Motti Gruzman, Vladislav Nemirovsky, and Excelion Development Group LTD

Excelion is demanding an additional €5,000 above the apartment price stated in the sales agreement, despite being a year and a half late in delivering the units.

Excelion laid off most employees and closed its offices in Israel. Promises to open new offices in Vienna, Austria

We cannot disclose most of the details here, but even from what can be shared, a pattern of amateurish, if not outright negligent, conduct emerges, to say the least.

Vlad Nemirovsky, founder and chairman of Fortune Capital, a Moscow-based investment brokerage, joined forces with Motti Gruzman in 2019

The construction manager, the marketing manager, the sales manager left Excelion. They disappeared from the company's website.

Real estate scams target investors by creating illusions of profitable opportunities in property investment. These schemes leverage the perceived stability and profitability of real estate by manipulating information about properties, often playing on investors’ desire for high returns.