Gilman Law LLP Files Lawsuit Against Ginn Development and Affiliates Alleging Massive Mortgage and Real Estate Fraud Throughout Florida
(firmenpresse) - BONITA SPRINGS, FL -- (Marketwire) -- 03/15/12 -- announces it has filed a alleging Bobby Ginn and other Defendants engaged in a massive real estate and mortgage fraud involving fraudulent real estate appraisals throughout Florida. The lawsuit names affiliates, Ginn Development, Ginn Title, The Ginn Company, Ginn & Co., Lubert-Adler, LP, and other co-conspirators as Defendants. Yet unnamed co-conspirators Wachovia, Sun Trust and Fifth Third Bank are alleged to have assisted in property and membership sales based upon artificially inflated prices and illusory comparable sales. The complaint was filed March 12, 2012 in the Twentieth Judicial Circuit Court, Collier County, Florida. (Thompson v. Ginn Development, LLC, et al, Case No. 12-CA-931).
According to the lawsuit, the alleged fraud consisted of false representations, deceptively created impressions of false values, artificially created scarce supply of properties and memberships and artificially high demand based upon fake illusory real estate sales. The lawsuit accuses Defendants Lubert-Adler Partners and Bobby Ginn of forming joint venture partnerships and defrauding investors and purchasers at the following homes, land, and resorts:
Ginn-LA, Quail West, in Naples, Florida;
Ginn-LA Pine Island;
Ginn-LA Orlando;
Hammock Beach and Yacht Harbor Village at Ginn-LA, in Palm Coast, Florida;
Hammock Beach Resort in Palm Coast, Florida;
Hutchinson Island at Ginn-LA Hutchinson Island, Florida;
Tesoro Preserve in Port St. Lucie, Florida;
Reunion Resort in Orlando, Florida;
Bella Collina in Montverde, Florida;
Conservatory at Hammock Beach in Palm Coast, Florida.
"We are seeking to recover the losses of such persons and entities related to the Ginn properties," stated Kenneth Gilman, managing partner of Gilman Law LLP.
The class action complaint alleges that Defendants used mails and wires to induce class members to purchase at fraudulently inflated prices, violated the Florida Racketeer Influenced and Corrupt Organizations Act ("Florida RICO"), and provided kickbacks to Ginn employees and bank employees to sell and finance properties at values artificially inflated from 2004 through 2009.
are available to Ginn purchasers or investors by calling 1-888-252-0048 or visiting .
, a national law firm with offices in Florida and Massachusetts, has been protecting consumers for over 32 years.
Gilman Law LLP
Kenneth G. Gilman
(239) 221-8301
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Datum: 15.03.2012 - 17:00 Uhr
Sprache: Deutsch
News-ID 125346
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contact information:
Town:
BONITA SPRINGS, FL
Kategorie:
Legal
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