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