Jury finds East Side Market developer guilty of embezzlement, fraud

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A jury returned its verdict Thursday after a four-day trial involving Arthur Fayne, who oversaw the development of the East Side Market in Cleveland's Glenville neighborhood.

Cleveland real estate developer Arthur Fayne, pictured here at a July 31, 2018, hearing in Cuyahoga County Common Pleas Court. A jury found him guilty Thursday of federal embezzlement charges.CLEVELAND, Ohio — A federal jury on Thursday found a real-estate developer guilty of embezzling $885,000 from the construction project to rebuild the New East Side Market in Cleveland’s Glenville neighborhood.

Arthur Fayne, 60, faces up to five years and 11 months in federal prison after the jury delivered a verdict on nine counts of wire fraud. The panel deliberated three hours before reaching its decision. If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our

 

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