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Prominent New York Developer Arrested on Charges Tied to Vast Fraud Scheme

A former executive at a prominent New York City development firm that collapsed amid an avalanche of investor lawsuits and foreclosures was arrested this week and is expected to be charged in connection with a multimillion-dollar fraud scheme, according to several people with knowledge of the case.

The developer, Nir Meir, was taken into custody on Monday at the 1 Hotel South Beach in Miami and was expected to be extradited to New York City on the charges, which were brought by the Manhattan district attorney’s office, the people said.

Several other people and businesses were expected to be charged in a series of indictments brought by the district attorney, Alvin L. Bragg, as part of a sprawling web of suspected criminal conduct involving Mr. Meir’s former company, HFZ Capital Group.

Those expected to be charged include people involved with the construction firm Omnibuild, which worked on at least one major HFZ project, including a principal at the company, some of the people with knowledge of the matter said.

Some of the defendants in the case are scheduled to be arraigned as early as Wednesday.

A spokeswoman for the district attorney’s office declined to comment. A representative for Mr. Meir, whose arrest was first reported by Curbed, could not be immediately reached for comment.

Charles E. Clayman, a lawyer for HFZ, said the company would not comment until it saw the indictments.

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