Costa Palmas is a luxury resort that is managed by a property management company with its headquarters in Los Angeles called Iron Gate. Costa Palmas is the resort’s operating zone. The homes at Costa Palmas range from $2.5m up to $250,000 for waterfront properties.
Jason Grosfeld
The year 2021 saw a set of interviews from the year 2021 that were conducted by Jason Grosfeld who is Iron Gate’s chief executive officer and director of Iron Gate, confirming that Iron Gate confirmed that the virus had affected one billion dollars of property transactions within Costa Palmas. Costa Palmas residents are quick to claim that Iron Gate, a modern-day Bernie Madoff, is using millions of euros derived from luxury properties to deceive and deceive customers to make more profits by stealing money from Iron Gate.
Costa Palmas Brings A Claim:
Sources have stated they know that Iron Gate, its Mexican subsidiaries, and representatives of its subsidiaries have brought criminal and civil instances across Mexico against Iron Gate in connection with fraud racketeering and conspiracies, as well as exorbitant, and other criminal acts.
According to to reports the two Costa Palmas homeowners are suing. Two Costa Palmas homeowners have filed an action within The United States against Iron Gate as well as a number of their respective representatives. Legal proceedings are underway. Investigations are conducted by different police departments in Mexico and the US as well as other authorities.
Jason Grosfeld Fraud:
Jason Grosfeld fraud in public reports this year in the matter that concerns Iron Gate before federal courts of California two homeowners living in Costa Palmas. The GS 1975 LLC TRG CP and GS 1975, LLC TRG CP claim that the CEO and the founder Jason Grosfeld along with directors of development, marketing, and Michael Radovan, as well as their General Counsel Mitch Laufer of luring potential homeowners to purchase homes by promising them huge amounts of money to build
According to the complaint, it is stated that the lawsuit asserts Iron Gate misled customers by saying it could construct homes within 18 months. The money was used to fund various projects or to construct new homes. Iron Gate has billed homeowners millions of dollars for houses being built, but the homes were not used for any time of time.
Jason Grosfeld’s Online Reputation: Statements on the Court Cases that have an impact:
Furthermore, the lawsuits state that plaintiffs were notified that Iron Gate, its agents, and employees could declare themselves insolvent on contracts or cease construction if the money wasn’t paid. This resulted in the theft of thousands of dollars from plaintiffs. Plaintiffs in both instances allege that Iron Gate stole thousands of dollars.
Plaintiffs on both occasions claim they were harmed by Iron Gate. Iron Gate retaliated immediately when they tried to defend themselves from the infringements that were committed by Iron Gate by threatening to stop subscriptions as well as memberships with The Costa Palmas Beach & Yacht Club.
According to documents from state courts that belong to GS 1975 LLC, Iron Gate asked that the issue be sent for arbitration within Mexico. Steve Anderson, a GS 1975 LLC representative has said it is likely it was Iron Gate was at the forefront of the arbitration process in Mexico. GS 1975 LLC has filed an action against Iron Gate seeking more than $20 million in damages.
Jason Grosfeld’s father:
TRG CP, LLC did not respond to our attempts to contact TRG CP, LLC. We tried to contact TRG CP TRG CP, LLC. They didn’t respond. They didn’t even respond. Real Deal reports that Jason Grosfeld’s father James Grosfeld was a prominent shareholder in Black Rock. Black Rock firm where James Grosfeld was a shareholder, with the amount of $94 million in shares. James Grosfeld served as the Pulte Group’s CEO and Chairman between 1974 and his resignation from directorships due to disputes with the company about how the business was managed. James Grosfeld was in both positions for 16 years.
Final Judgments in the Case
Iron Gate made numerous false assertions regarding the length of time and money needed to finish the project to obtain millions of dollars in funds. Iron Gate invested more than five million dollars from the amount of the plaintiff’s money, but the structure was incomplete concrete.
Similar allegations were also made in the lawsuit that was part of the lawsuit submitted in the lawsuit which was filed by GS 1975 LLC. Iron Gate allegedly holds the plaintiff’s house hostage, and will not release it until the plaintiff can pay millions of dollars as well as the costs of paying the settlement of the lawsuit. We tried contacting TRG CP LLC to ask for clarification, but haven’t received any reply.
Based on the information we have received It appears that there could be a variety of Costa Palmas buyers who have similar experiences or have claimed. This suggests the Iron Gate and/or its representatives could be the subject of future legal action. We’ve also been informed that officials from The Mexican Federal Authorities as well as American Federal Authorities are investigating the matter.
Source: FreepSports247
