Florida Developer Owes $26M In Sprawling Fraud Scheme

A judge has ordered South Florida developer Joseph Walsh Sr. to pay $26 million in connection with a 60-unit Royal Palm Beach office condominium. So reports The Real Deal.

Walsh allegedly conned 52 investors from China, Vietnam and Russia into backing the project.

The investors also claimed that Walsh failed to secure a promised mortgage on their behalf.

Read the full article from The Real Deal.

Source: themortgageleader.com