Investors accuse Joe Farrell of using Wellington project as “personal piggy bank”
Investors in a South Florida project are suing developer Joe Farrell over allegations he used the development’s funds as a “personal piggy bank.” The complaint, filed in Palm Beach County in March, alleges the Hamptons-based developer, his children, entities tied to him and others involved in the project misappropriated roughly $6 million in investor funds. They are accused of breach of contract, negligence and conspiracy to commit fraud, among other claims. “Everything in that complaint is a lie,” Farrell said, adding that he has emails with one of the investors disproving the lawsuit’s claims. “I take other people’s money very […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Miami Design District brings another marquee mixed-use project
Will Miami commissioners put Live Local Act in legal crosshairs?
Stonerock loses downtown office buildings in $66M foreclosure
Blue Road, Ilia cut hotel rooms, win resi upsize for North Miami Beach project
Hostage to the HOA: How some developers keep a tight grip on owner associations
Surfside condo collapse began 3 weeks before tragedy
South Florida’s top deals: Oceanfront Manalapan property trades for $15M
Florida affordability shift follows slower migration
Agents want more than tech from brokerages
AI narrowing knowledge gap between Realtors, customers
