Lawsuit accuses Shaya Boymelgreen of moving lender’s cut to Miami Beach project

Shaya Boymelgreen sold 100 vacant acres for $12.6 million in unincorporated southwest Miami-Dade County last year, but he failed to pay a loan guarantor $2.4 million from the profits, according to a recent lawsuit. Miami-based lawyer David Efron and his entity Norfe Krome sued Boymelgreen and his affiliate Deaderick SSB for breach of oral contract, negligent misrepresentation and unjust enrichment.  The complaint, filed in Miami-Dade Circuit Court last month, alleges Boymelgreen placed $6.8 million in profits from the land sale into an unrelated project in Miami Beach without paying a 30 percent cut allegedly owed to Efron’s entity. Boymelgreen “intentionally” […]This article originally appeared on The Real Deal. Click here to read the full story.