U.S. Bank Trust Company, National Association v. Clearwater Cay Community Development District et al
Case Number:
8:23-cv-00835
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July 27, 2023
US Bank's Misconduct Enabled Sham Debt, Fla. District Says
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.
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July 14, 2023
Fla. Residents Must Still Pay Sham Debt, US Bank Says
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.
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May 30, 2023
US Bank Liable For Sham Bond Debt, Fla. District Claims
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.
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April 20, 2023
Ponzi Scheme Leaves Zombie Bond Debt For Condo Owners
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.