Florida Keys News
Friday, February 1, 2013
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
Tuesday, September 30, 2014
Tuesday, September 30, 2014
Tuesday, September 30, 2014
Monday, September 29, 2014
Monday, September 29, 2014
Available Only in the Electronic Edition
Tuesday, September 30, 2014 -
Monday, September 29, 2014 -
Sunday, September 28, 2014 -
Saturday, September 27, 2014 -
Friday, September 26, 2014 -
Thursday, September 25, 2014 -