Mansion of Imprisoned Developer Sells for $4M in Bal Harbour

Overview


Gregg Fierman led the McDermott team representing the receivers for the seller of a Florida luxury home taken from a company tied to a developer sentenced for tax fraud. McDermott has played a lead role in selling assets seized from the developer and his father, which Marcos Jimenez, who handled related litigation, said has been delayed by a dispute between the receiver and a bank with a mortgage on the assets. Mr. Jimenez said the dispute is over, « number one, the priority of their lien and, number two, as to whether they were involved in covering up the fraud. »