For a couple of years before the real estate market came crashing down, a Daytona Beach attorney was hired to handle more than a dozen high-ticket real estate closings for an up-and-coming gas station owner and real estate investor.
Now the investor has left town and the attorney is disbarred for his part in a $25 million scam that left buyers holding worthless paper. The scam involved rigged sales between affiliated companies and created legal problems over ownership of one of downtown Daytona Beach’s tallest office buildings.
The local gasoline supplier, Biju Matthew Abraham, 38, has since left the area and the building his renovated offices occupied on Ridgewood Avenue, people who did business with him said.
More : news-journalonline.com
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