Florida REIT accused of fraud, spending investor money on jets, jewelry, gun ranges, adult clubs
A Port Richey-based real estate investment trust and its founders are under fire for allegedly swindling $5 million from a $152 million real estate fund and spending it on expenses like jets, jewelry, gun ranges and adult nightclubs. The SEC filed charges on July 29 in the U.S. District Court for the Middle…
Read the full report at The Real Deal — South Florida
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Provenance
- Publisher
- The Real Deal — South Florida
- Obtained from
- The Real Deal — South Florida
- Published
- Jul 30, 2026
- Last updated
- Jul 30, 2026 (today)
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