Blog | Excelion Victims Board Updates

Gruzman & Nemirovsky in Moscow

Vlad Nemirovsky has taken control of most of the assets of the Exccelion group and is in the process of parting ways with Motti Gruzman. Nemirovsky now controls the largest projects: San Martin in Austria, Alva Park in Spain, and Green Wood in Bulgaria. Has Nemirovsky truly benefited from this?

The investor in the San Martin project sued Gruzman, Nemirovsky in the Court and demanded the return of his investments. The settlement between the parties was violated by Excelion

Tel Aviv Magistrate's Court Rejects Gruzman, Nemirovsky, and Excelion's Request and Approves the Continued Operation of the Excelion Victims Board Website

the law firm filed an urgent request with the Tel Aviv Magistrate’s Court to cease its representation of Motti Gruzman, Vladislav Nemirovsky, and Excelion Development Group LTD

Excelion is demanding an additional €5,000 above the apartment price stated in the sales agreement, despite being a year and a half late in delivering the units.

Excelion laid off most employees and closed its offices in Israel. Promises to open new offices in Vienna, Austria

We cannot disclose most of the details here, but even from what can be shared, a pattern of amateurish, if not outright negligent, conduct emerges, to say the least.

Vlad Nemirovsky, founder and chairman of Fortune Capital, a Moscow-based investment brokerage, joined forces with Motti Gruzman in 2019