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Nile Niami Launches Crypto Plan To Thwart ‘The One’ Auction

On Dec. 16, Niami’s development company Crestlloyd filed an agreement in U.S. Bankruptcy Court to auction off the extravagant estate to the highest bidder, with the proceeds of the sale going toward paying off $180 million in debt that Niami racked up on the property to multiple lenders over the years. The auction would run from Feb. 7 to Feb. 10. That’s the developer’s latest plea in a video released Monday night as he tries to halt the looming auction of “The One,” the 105,000-square-foot mega-mansion that he spent the last decade creating.

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