This N.J. firm promises to make clients rich. It might just be one big con.
A nine-month investigation by NJ Advance Media raises troubling questions about NRIA’s practices and business connections.

The billboards offer an irresistible come-on, the promise of a pristine life on Easy Street. “Realty Investment Done Right” one says, alongside an image of a silver-haired couple riding bicycles on the beach. The radio ads feature none other than former Fox News personality Bill O’Reilly, promising a “10-per-cent monthly payout.” Yes, there is fine print — for one thing, National Realty Investment Advisors will only accept minimum investments of $1 million. (Hey, it takes money to make money.) But the Secaucus-based private equity firm portrays its “cash recycling” investment strategy as foolp...