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…………


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