SHVO controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2025
Project surrender and Raleigh ownership dispute
SHVO surrendered an Alton Road project to its lender and later reportedly lost ownership and development control of the Raleigh Hotel project amid financing and partnership disputes.
2024
Construction-defect lawsuit at Mandarin Oriental Residences Fifth Avenue
A buyer at the Fifth Avenue project sued SHVO over alleged construction defects. The supplied material does not establish the final disposition of the case.
2016
Tax fraud and falsified business records indictment
Michael Shvo was indicted on charges that included felony tax fraud and falsifying business records. He pleaded guilty in 2018 and paid reported taxes and penalties of $3.5 million. The case affected SHVO's role in several major developments.