Schwartz sentenced for fraud involving CrowdStreet offerings

DOJ reported that Elchonon Schwartz was sentenced on May 19, 2025 to 87 months in prison after a wire-fraud guilty plea. The scheme involved real-estate offerings marketed through CrowdStreet. The convicted sponsor is distinct from the platform and from Rally, whose website documents a CrowdStreet investment. This record does not establish a conviction, liability or quantified fund loss for Rally.