Tag Archives: statutes of limitation

David Beats Goliath: TVA recovers client’s investment and return from non-performing developer

In the heady last days of the real estate boom, before what became known as the Great Recession, investors were lured into what appeared to be guaranteed deals with promises of high returns and low risk. As we all learned, there is no such thing as a guaranteed real estate deal.In August 2007, a developer sought investors for a commercial project in Orange County. TVA’s client, Jerry Fuller, and two other family members, invested $700,000 in exchange for a promise that their money would be repaid in two years plus a guaranteed 32% return. As further inducement, the developer personally Read More