Florida AG Accuses Clearwater Firms of Fraud in Property Deals


Attorney General Pam Bondi filed a complaint against two Clearwater businesses and their president, alleging the companies defrauded consumers out of thousands of dollars in a land buying scheme.

According to the complaint, Property Solutions International Corp., Premier 1 Property Inc. and Marvin Scott promised consumers they could sell their property for many times the value of the land.

The defendants, who also conducted business using the names Coast to Coast Land and FSBO Property Solutions, charged upfront fees on average of $2,250 for brokering the deals, sometimes promising to refund most of the money, but rarely following through on those promises, a statement said.

State records list Scott as president of Property Solutions International in Clearwater. He’s also listed as president of Premier 1 at the same Clearwater address, although Premier 1 was administratively dissolved in 2013 after not filing an annual report, the Division of Corporations said.

The complaint seeks restitution for 34 complainants who paid more than $70,000 to Scott and the two businesses.

Source: www.bizjournals.com