Tuesday, April 21, 2009

Yep: I began smelling this rat about two years ago every time I crossed the Sidney Lanier Bridge.

http://www.jacksonville.com/news/georgia/2009-04-21/story/brunswick_upscale_condo_developer_accused_of_fraud

4 comments:

Anonymous said...

Yes Me Too! I can't wait to see how many lawsuits come from the video they sent out in the mail to buyers from the north, it would be interesting to see how many people purchased from it. The video showed all the pretty and nice things around Glynn County and the islands but NOT the Plant (mill) beside or behind it.

Jay Moreno said...

Kind of puts me in mind (albeit on a much smaller scale) of a certain moldering condo development in Lilliput next door to Doninni's.

Anonymous said...

Jay is'nt there some sort of law to prevent developers from lying to potential customers about future developments. Or, are you just SOL is you buy and find out its a lie. Because I believe about 3 developments in Camden County follow these same tactics.

Jay Moreno said...

Fraud is always illegal, but the problem is where does "puffing the goods," a sales practice which is legal and falls under the cautionary dictum "caveat emptor" end and bona fide fraud begin. Moreover, it's damned difficult to prove that a developer only intended to scam a few early investors rather than to actually bring the project to fruition as promised.