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P R E S S   R E L E A S E

FOR IMMEDIATE RELEASE:

March 15, 2012


Gilman Law LLP Files Lawsuit against Ginn Development and Affiliates Alleging Massive Mortgage and Real Estate FraudtThroughout Florida
Class action lawsuit seeks to recover damages on behalf of individuals and entities that invested in or purchased certain Ginn Properties throughout Florida from 2004 through 2009.

Bonita Springs, FL (PRWEB) March 15, 2012 -- Gilman Law LLP, a national law firm dedicated to protecting the rights of consumers, announces it has filed a class action lawsuit against Ginn Development and others alleging Bobby Ginn and other Defendants engaged in a massive real estate and mortgage fraud involving fraudulent real estate appraisals throughout the state of Florida. The lawsuit names affiliates, Ginn Development, Ginn Title, The Ginn Company, and Ginn & Co., along with Lubert-Adler, LP and as-of-yet unnamed co-conspirators as Defendants. The complaint was filed on March 12, 2012 in the Twentieth Judicial Circuit Court, Collier County, Florida. (Thompson v. Ginn Development, LLC, et al, Case No. 12-CA-931)

According to the class action lawsuit, the alleged fraud consisted of false representations, and deceptively created impressions of false values. The complaint alleges that Ginn and the other Defendants artificially created scarce supply of properties and memberships and artificially high demand based upon fake illusory sales of real estate. The lawsuit accuses Defendants Lubert-Adler Partners, LP and Bobby Ginn of forming joint venture partnerships and defrauding investors and purchasers at the following properties:
  • Single-family Naples homes and land at Ginn-LA, Quail West, in Naples Florida;
  • Pine Island homes and land at Ginn-LA Pine Island;
  • Orlando homes and land at Ginn-LA Orlando;
  • Hammock Beach and Yacht Harbor Village homes and land at Ginn-LA, in Palm Coast, Florida;
  • Hammock Beach Resort in Palm Coast, Florida;
  • Hutchinson Island homes and land at Ginn-LA Hutchinson Island, Florida;
  • Saint Lucie, Florida homes and land at Tesoro Preserve in Port St. Lucie, Florida;
  • Orlando homes and land in Reunion Resort in Orlando, Florida;
  • Bella Collina homes and land in Montverde, Florida;
  • Conservatory homes and land at Hammock Beach in Palm Coast, Florida.
"We are seeking to recover the losses of such persons and entities related to the Ginn properties," stated Kenneth Gilman, managing partner of Gilman Law LLP.

The class action complaint alleges that Bobby Ginn, his affiliates, Lubert-Adler and the unnamed co-conspirators used mails and wires with the intention of inducing class members to purchase property in the Ginn properties and Ginn resorts at fraudulently inflated prices. Among other things, the complaint accuses the Defendants of violating the Florida Racketeer Influenced and Corrupt Organizations Act ("Florida RICO") by facilitating the sale of property and memberships at artificially inflated prices based upon false appraisal reports and false and illusory comparable sales. The lawsuit further alleges that Bobby Ginn and his affiliates provided kickbacks to Ginn employees and bank employees in order to further the overall objective of selling and financing properties at values that were artificially inflated from 2004 through 2009.

Gilman Law LLP is offering free legal evaluations to all purchasers or investors in the above named Ginn properties. Free case evaluations are available by calling Toll Free at 1-888-252-0048, or by visiting Gilmanlawllp.com.

About Gilman Law LLP

Gilman Law LLP, a leading national law firm with offices in Florida and Massachusetts, has been recognized for delivering successful results to their clients across a broad range of claims stemming from consumer product injury, mass tort, and class action lawsuits. For over 32 years, the Gilman Law LLP team of highly experienced lawyers has earned renown for tireless work on behalf of their clients on many of today's most challenging and important legal issues.

Contact:
Gilman Law LLP
Beachway Professional Center Tower
Suite 307
3301 Bonita Beach Road
Bonita Springs, FL 34134


Source: PRWEB

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