Skip to content
Business
Link copied to clipboard
Link copied to clipboard

A big builder in Philly advertises huge investor returns on radio and Fox News. Now the FBI and SEC are tuning in.

NRIA's ads often appear on Fox News. Not disclosed to viewers: The FBI and the U.S. Securities and Exchange Commission, with regulators from three states, are investigating the firm.

Thomas Nicholas Salzano, second from left, on stage at the opening of an NRIA project in Florham Park, N.J. as the company announces a donation to Morristown Medical Center. To Salzano's left, NRIA chief executive Rey Grabato; Bonnie S. Gannon, a director at Morristown Medical Center; Glenn LaMattina, NRIA's chief operating officer; Rich Stabile, an NRIA senior vice president; actress and model Nargis Fakhri; and former New York Giants linebacker Lawrence Taylor.
Thomas Nicholas Salzano, second from left, on stage at the opening of an NRIA project in Florham Park, N.J. as the company announces a donation to Morristown Medical Center. To Salzano's left, NRIA chief executive Rey Grabato; Bonnie S. Gannon, a director at Morristown Medical Center; Glenn LaMattina, NRIA's chief operating officer; Rich Stabile, an NRIA senior vice president; actress and model Nargis Fakhri; and former New York Giants linebacker Lawrence Taylor.Read moreNRIA