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Cases / Real estate

Cay Clubs Resorts and Marinas

Fred Davis Clark Jr. (aka Dave Clark), David W. Schwarz, Cristal R. Coleman, Barry J. Graham, Ricky Lynn Stokes

ReportedJan 30, 2013
LocationFL
Amount$300,000,000

This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.

Company / entity
Cay Clubs Resorts and Marinas
Industry
Resort condominium units with leaseback
How investors were recruited
Network of hundreds of sales agents, marketing seminars and podcasts
Pitch & red flags
"guaranteed 15 percent return" leasebacks; five-star destination resorts in Florida and Las Vegas

Pitch phrases from this case

Source

SEC official

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