USA v. Schwarz
Case Number:
4:16-cr-10039
Court:
Nature of Suit:
Judge:
Firms
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January 11, 2024
Ex-Cay Clubs CFO Sentenced To More Than 17 Years In Prison
A Florida federal judge on Thursday sentenced the ex-chief financial officer of the Cay Clubs Resorts and Marinas to more than 17 years in prison following his 2022 conviction for participating in a $40.7 million fraud involving the creation of fake purchases to secure bank loans.
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September 27, 2023
Ex-Cay Clubs CFO Tells Fla. Judge Fraud Was Only $3.4M
The convicted ex-chief financial officer of the Cay Clubs Resorts and Marinas told a Florida federal judge Wednesday that he shouldn't spend the rest of his life in prison for bank fraud because he wasn't the conspiracy's leader and the loss amount was $3.4 million — far less than what the government says.
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May 10, 2023
Ex-Cay Clubs Exec Loses Bid For Retrial On Fraud Charges
A Florida district judge denied a motion for a new trial Tuesday from the former vice president and chief financial officer of Cay Clubs Resorts and Marinas, who was convicted by a jury in October on bank fraud charges.
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November 02, 2022
Ex-Cay Clubs Exec Seeks New Trial After Bank Fraud Verdict
A former executive of Cay Clubs Resorts and Marinas asked a Florida federal judge on Wednesday for a new trial after he was found guilty of bank fraud, arguing that he was convicted based on witness testimony that wasn't based on firsthand or expert knowledge as well as documents that contained inadmissible hearsay.
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October 19, 2022
Jury Finds Ex-Cay Clubs Exec Guilty Of Bank Fraud
A Florida federal jury found a former executive of the failed Cay Clubs Resort and Marinas guilty of bank fraud Wednesday for helping fund a mortgage fraud scheme that kept the luxury resort company afloat by setting up straw buyers to get loans for units at their properties.
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October 18, 2022
Ex-Cay Clubs Exec Says He Wired Money, Didn't Lie To Bank
An attorney for a former executive of the failed Cay Clubs Resort and Marinas asked jurors for a not guilty verdict Tuesday, arguing that the executive was not the one who lied on mortgage application forms for straw buyers to get loans for units at Cay Club properties to keep the luxury resort company afloat.
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October 12, 2022
Government Says Ex-Cay Clubs Exec Funded Straw Buyers
A federal prosecutor told jurors on Wednesday that a former executive of the failed Cay Clubs Resort and Marinas helped fund a mortgage and bank fraud scheme that kept the luxury resort company afloat by setting up straw buyers to get loans for units at their properties.
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July 31, 2019
Feds Want Cay Clubs Boss Behind Bars For 11th Circ. Appeal
The government urged a Florida federal court on Wednesday not to grant bond to a Cay Clubs Resorts and Marinas top executive while he appeals his conviction and 40-year prison sentence for his role in a $300 million Ponzi scheme.
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June 23, 2017
Feds Seek $180M Restitution From Cay Clubs Ponzi Execs
Prosecutors asked a Florida federal judge on Thursday to order four people convicted of lying to banks and investors in the Cay Clubs Resorts and Marinas to pay the victims $180 million, setting the stage for those who have filed claims to get some of their money back.
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May 09, 2017
Fla. Real Estate Exec Gets $303M Judgment For Ponzi Scheme
A Florida real estate executive who was sentenced last week to 40 years in federal prison was on Tuesday hit with a $303 million forfeiture order and money judgment after his conviction for running an enormous Ponzi scheme out of Cay Clubs Resorts and Marinas.