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A recent settlement in a case against the developer known as the 'King of Coconut Grove' has provoked anger among buyers of townhouses in South Florida. The buyers are seeking to recoup their deposits on unfinished properties, including a Mandarin Oriental condo in Boca Raton. The lawsuit alleges that the developer was involved in a $70 million Ponzi scheme, with claims that he donated $200,000 to Miami Mayor Francis Suarez. Meanwhile, the real estate agency Official is facing turmoil as its leadership exits amid allegations of sexual assault against the Alexanders, raising concerns about the agency's future amid ongoing litigation.
"King of Coconut Grove" developer donated $200,000 to Miami Mayor Ponzi Postalita @FrancisSuarez, @CityofMiami Building Department refused to intervene while he allegedly defrauded homebuyers in $70 million "Ponzi scheme," lawsuit says #BecauseMiami https://t.co/EPCItPtRXX
#Official w/o its officials: W/#Alexanders up to their necks in sex charges, 2yo agency seems determined to stay the course. But Michaels Stern+#Shvo have other ideas,+#McKillen is planning to walk. #realestate #Fla #SanFran #NYC #litigation #sexassault https://t.co/03jcg7p9wE
#Official w/o its officials: As W/#Alexanders up to their necks in sex charges, 2yo agency seems determined to stay the course. But Michaels Stern+#Shvo have other ideas,+#McKillen is planning to walk. #realestate #Fla #SanFran #NYC #litigation https://t.co/03jcg7p9wE