Edgardo Defortuna has been flying high for years, hiring star architects and erecting a string of ultra-luxury condo and hotel towers on his way to becoming one of Miami’s most prominent developers. He recently announced his first foray outside South Florida, unveiling a design for a trio of luxury towers in Paraguay.
But three separate lawsuits against Defortuna and his Fortune International Group suggests there may be a dark side to the Argentine-born developer’s success story. The complainants contend Defortuna has engaged in a series of dirty tricks, cheating small investors and lenders in one of his signature projects, and blocking the sale of a small condo next to another project through subterfuge to thwart potential competition.
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But three separate lawsuits against Defortuna and his Fortune International Group suggests there may be a dark side to the Argentine-born developer’s success story. The complainants contend Defortuna has engaged in a series of dirty tricks, cheating small investors and lenders in one of his signature projects, and blocking the sale of a small condo next to another project through subterfuge to thwart potential competition.
For more details please visit here
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