The New York Money

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Jared Gerstenblatt & Christopher Grimaldi
 

• The Firm: Chimera Securities, LLC (Manhattan)
   

• The Strategy: High-frequency, proprietary trading powerhouse. Gerstenblatt and Grimaldi do not advise clients; they trade the firm's own capital using sophisticated, often aggressive algorithms.
   

• The Track Record: In Nantucket, they are taking a high-stakes "position" on the mid-island corridor as a high-yield asset class.
   

• Regulatory History: In October 2017, Chimera Securities reached a settlement with NASDAQ (Case #20150442333-03), accepting a censure and fine regarding violations of rules related to short-sale marking requirements and supervisory failures over a two-year period.

 

The Boston "Hard Money"

 

Chris Fiumara & Daniel Najarian

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• The Firm: Crowd Lending Inc.​
   

• The Strategy: Specialists in Hard Money Lending, providing high-interest, short-term capital to developers who need to move faster than traditional banks allow.
   

• The Litigation Profile: Fiumara, in particular, has a history of extensive "hand-to-hand combat" in partnership and loan-dispute cases in the Massachusetts courts, including Fiumara v. Capobianco (2020) and older, partnership-dissolution battles.
   

• Current Litigation: As of early 2023, a complex case (Kreuzer v. Najarian, et al.) involving Crowd Lending LLC was docketed in the U.S. Court of Appeals (First Circuit), highlighting that these developers are frequently in the crosshairs of complicated, multi-party financial and legal disputes.

 

While the town sees "affordable housing," the developers' public records and professional biographies tell a more sophisticated story. These men are specialists in high-speed, high-leverage capital, distressed assets, and aggressive legal maneuvering.

 

The $3.7 million town grant is not just public assistance; it is low-cost fuel for a high-yield strategy managed by some of the most sophisticated financial operators in the Northeast.