Grandiose plans for bight fizzled

Florida Keys News - Key West Citizen

Saturday, February 2, 2013

Grandiose plans for bight fizzled

BY TIMOTHY O'HARA Citizen Staff
tohara@keysnews.com

The now defunct Cay Clubs LLC may have built an empire in the resort development world in the Middle and Upper Keys, but it never managed to get a foothold in Key West, despite its grandiose plans for Key West Bight.

This week's news of the Securities and Exchange Commission accusing the principals of Cay Clubs of running a $300 million Ponzi scheme has brought back to the s...

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How can this not be criminal?

Submitted on Sun, 02/03/2013 - 12:23am by Get Real

They should be spending the foreseeable future in prison

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Why don't you re-print the cartoon that appeared in the Citizen

Submitted on Sat, 02/02/2013 - 1:13pm by *.* CLEARLY the original

which tells the real story? I think it would be appropriate to do so. It illustrates the kind of dirtbags who were involved in Cay Clubs and it also clearly exposes the politicians who were part of that mess.

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You skipped over the real reason the deal fell through.

Submitted on Sat, 02/02/2013 - 1:12pm by Tina

The A&B deal didn't go through because Gene Smith pulled the plug. The 'rat pack' including DiGennaro, McPherson, Spehar, Rego and the rest were ejected from A&B Lobster House. In their premature victory celebration the night before the legal documents were to be signed, they were arrogant and hateful to employees and Gene Smith saw it, told them to leave and put an end to the entire deal. Many people witnessed it. It's not a secret. And Gene Smith became a hero. So, no, it wasn't the money. It was a good man who saw what the Cay Clubs thugs would do to businesses he had built and to employees he valued.