LIT COMMENTARY
A Fort Myers lawyer facing an ethics complaint over his links to a former client’s $300 million Ponzi scheme asked the Florida Supreme Court not to suspend his law license – for 90 days or as decided by the court – when his attorney Patrick McGinley and bar counsel Chris Altenbernd faced off in oral arguments.
The Florida Bar accused attorney Charles Paul-Thomas Phoenix of violating rules governing truthfulness and terminating representation. Its complaint alleges he knew his client, Florida vacation rental company Cay Clubs Resorts and Marinas, was defrauding investors.
Jan 14, 2021 – President Donald Trump has commuted the 40-year sentence of Fred Davis “Dave” Clark Jr., who was convicted in 2015 of helping run a $300 million Ponzi scheme through the Florida Keys-based company Cay Clubs Resort and Marinas.
David Schwarz, officer in Cay Clubs Resorts, convicted in $300 million vacation rental scam
Originally Published: March 6, 2017 | Republished by LIT: Oct. 13, 2020
MIAMI — A former executive of a failed Florida Keys resort has been convicted in a $300 million vacation rental scam.
A U.S. Attorney’s Office statement says a jury found 60-year-old David Schwarz guilty Friday of conspiracy to commit bank fraud, bank fraud and interference with the administration of the IRS. Sentencing is May 1 – (He would be sentenced to 40 years jail).
Schwarz was once chief financial officer and one-third owner of the Cay Clubs Resorts and Marinas, which operated resorts in the Florida Keys, Clearwater, Orlando and Las Vegas. Prosecutors say 1,400 investors who purchased units in Cay Clubs developments were defrauded.
The resort’s former president, . Fred Davis “Dave” Clark Jr., was sentenced last year to 40 years in federal prison.
Two former sales executives pleaded guilty to conspiracy charges and were sentenced to five years in prison.
But read on…the 11th Circuit ain’t happy with Schwarz sentence…
X Advertising Agency Specializing in Facebook n’ Instagram Sued for For Allegedly Not Advertising
X Social Media, Jacob Malherbe along with David Potter Sued by Disguntled Michael Stanley of Stanley Law Firm
Texas Promotes Millionaire’s Dare to Thieve Dream Team: Fraudsters and Texas Real Estate Scammers Wanted
The 5th Cir. allows Texas Real Estate Scammer injunctive relief while LIT wonders why this fraudster is not contesting a long prison term.
Attorney Randy Sorrels and his Lawyer Spouse Alex Ain’t Pleased with River Oaks Home Remodeling
Randy Sorrels and Alex Farrias-Sorrels are suing their home remodeling contractors. LIT asks if the contractors have good insurance coverage.
The ShoeBox Thief. Ohio Judge Jailed for 30 Months. https://t.co/uN8e8nR658 pic.twitter.com/x2w0FCclNk
— LawsInTexas (@lawsintexasusa) October 9, 2020
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