Bella Collina property owners, in lawsuit, allege racketeering (FL)

One of Central Florida’s most troubled home developments, the upscale Bella Collina country-club near Clermont, has been hit with a proposed class action lawsuit by people who bought lots there before the development went dormant in the Great Recession.  The lawsuit alleges that the owners behind the Bella Collina company, including Palm Beach businessman Dwight Schar, actively sought to destroy property values in order to drive out lot owners so they could repurchase the entire project at super-low prices.   The lawsuit alleges Schar and his companies engaged in racketeering, embezzling and conspiracy.     Read the article…………


Related Articles

Online voting is now open for the 2014 Manager of the Year contest

This contest is designed to recognize and reward manager excellence, serving to inspire others across the industry. Winners will receive

Homeowners ask court for rehearing on rental ban (MS)

Northbay homeowners are asking the Mississippi Court of Appeals for a rehearing over their long-standing rental ban that was reversed

Judge tosses SEC’s fraud case against Cay Clubs condo sales operators

Stung by a judge’s criticism, federal securities regulators have run aground in their civil fraud case against an Orlando businessman