Florida Keys News
Friday, February 1, 2013
Add to FacebookAdd to Twitter
A FRENZY OF GREED
Cay Clubs and its investors saw big money in the developers' grand vision, but it now appears to have been a $300 million Ponzi scheme

Until their Cay Clubs venture collapsed in 2008, along with the national real estate market, Key Largo couple Fred "Dave" Clark and his then-girlfriend, now wife, Cristal Coleman, lived large off other people's money for a few frenzied years, luring some 1,400 investors to pour a collective $300 million into their pockets.

Yet Cay Clubs was nothing more than a Ponzi scheme p...

For the complete article, please pick up a copy of The Citizen for this day or purchase this day's electronic edition at http://secure.floridakeys.com/keysnews/enews. Home Delivery & Electronic Edition subscibers to The Citizen may access this article, once logged in to keysnews.com, at no charge. If you forget your password, please call us at 305-292-7777, ext. 4.
More Florida Keys Headlines
Friday, July 25, 2014
Friday, July 25, 2014
Friday, July 25, 2014
Friday, July 25, 2014
Thursday, July 24, 2014
Thursday, July 24, 2014
Available Only in the Electronic Edition
Friday, July 25, 2014 -
Thursday, July 24, 2014 -
Wednesday, July 23, 2014 -
Wednesday, July 23, 2014 -
Tuesday, July 22, 2014 -
Monday, July 21, 2014 -