Stay Won’t Be Lifted On Claims Over $93M Real Estate Fraud

By Carolina Bolado

May 8, 2025

Bernice C. Lee

Victims of a $93 million Miami real estate development scheme won’t be able to pursue their claims — at least for now — against the company’s former CEO after a Florida federal judge on Wednesday denied their request to lift a stay on litigation during a U.S. Securities and Exchange Commission receivership.

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