Investors In Miami Beach Nightclub Say Funds Were Misused

Law360, Miami (March 26, 2014, 7:19 PM EDT) -- Investors in a Miami Beach, Fla., nightclub sued the club's owners, claiming millions of dollars meant for the club were mismanaged and spent on personal expenses, putting the club at risk of bankruptcy and the investors at risk of losing all their money.

In a suit filed in Florida state court, three investors — FML LLC, SouthB LLC and the David J. Vittor Revocable Trust — said Amit Raizada, who owns OFG Manager LLC and the Adore nightclub, lied to investors about how the money was...
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