November 25, 2024
A federal judge denied a motion from U.S. Bank in abstaining from a Florida condo association's state court moves to free itself from a bond debt tied to a development district that was established nearly two decades ago by the architects of a Ponzi scheme.
July 27, 2023
A Florida development district told a federal judge that U.S. Bank held a conflict of interest as trustee of a $33.8 million bond debt hanging over residents who backed a pitch for a sham resort from two con men.
July 14, 2023
U.S. Bank argued Friday that residents of a Florida development district established by Ponzi schemers are properly on the hook for a bond debt in asking a federal judge to toss a counterclaim from the district arguing the bank helped arrange the fraudulent deal.
May 30, 2023
A Florida development district founded by two Ponzi schemers has argued in a counterclaim against U.S. Bank that the lender wants to force residents of a condo complex to pay millions toward a fraudulent bond debt that the bank helped arrange in the first place.
April 20, 2023
It has been nearly 20 years since two developers convicted in a national Ponzi scheme got their start by pitching a project to bring a taste of Venice, Italy, to a residential complex overlooking the gulf coast in Clearwater, Florida.