Investors accuse Joe Farrell of using Wellington project as “personal piggy bank”
Investors in a South Florida project are suing developer Joe Farrell over allegations he used the development’s funds as a “personal piggy bank.” The complaint, filed in Palm Beach County in March, alleges the Hamptons-based developer, his children, entities tied to him and others involved in the project misappropriated roughly $6 million in investor funds. They are accused of breach of contract, negligence and conspiracy to commit fraud, among other claims. “Everything in that complaint is a lie,” Farrell said, adding that he has emails with one of the investors disproving the lawsuit’s claims. “I take other people’s money very […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts

The Iran war is providing an unexpected boost to secondary city travel in Asia-Pacific

The case for Non-QM: Serving the new American workforce

Anthony Lamacchia: Zillow-MRED battle shows risks of ‘listing war’

“Perpetual danger” for Fisher Island families: lawsuit filed over “secret” $400M fuel depot deal with Miami-Dade

CMLS urges antitrust regulators to back MLS collaboration

EXCLUSIVE: ‘Zombie House Flipping’ Star Tommy Harr Reveals Bold Tactic for Building Wealth by Buying Up Abandoned Homes

Billionaire Jeff Greene’s latest West Palm Beach resi plans tap Live Local

Ansin starts Miramar megaproject as Sunbeam pushes deeper into real estate

Serial Killer Joel Rifkin’s Former Long Island Home Where He Murdered Multiple Women Returns to the Market for $800K

Ohio Governor Pauses Data Center Tax Breaks After Giving Away Far More Than Expected
GET MORE INFORMATION

Stevan Stanisic
Real Estate Advisor | License ID: SL3518131
Real Estate Advisor License ID: SL3518131
