The Real Deal Miami

Former Versace mansion owner files lawsuit against German bank

December 14, 2011 11:14AM


The Villa by Barton G

A German bank is the target of a RICO lawsuit by the owner of the Casa
Casuarina, the former Versace mansion, alleging that the bank schemed to
commit a series of fraudulent actions. The bank, WestLB, holds the
mortgage on the property. “WestLB took signature pages and slapped them
on a loan document that was never agreed to by the parties, and
pretended like this was a finalized loan document when it wasn’t,” said
Adam Steinberg, a lawyer representing Casa Casuarina. “And there was a
post-closing agreement that it executed and it says the parties will sit
down and agree to a finalized loan document … and they never did.” The property is now the Villa by Barton G. [Miami
Herald]