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Greenwich developer of Villa BXV condominium in Bronxville declares bankruptcy

Last month an American Arbitration Association panel awarded $14.3 million to two parties listed in a bankruptcy exhibit: James Carnicelli Jr. of Scarsdale, and The Gateway Development Group of Greenwich.

Arbitrators order Greenwich developer Fareri to pay $14.3M to Villa BXV...

Fareri’s testimony that he was unaware of activities and tax filings that “inured only to his personal benefit” was not credible, arbitrators said.