Did Metro's continued "committment" and high profile "announcements"
contribute to what be viewed as fraud? How early on did Metro know
that they will be folding all the while continuing to market the
property?
Let's bo back to the STOCK brokerage (hmmm) world. I'm currently
looking at 3 more sets of claims forms in class action vs Merrill
Lynch and their contined hyping of Tyco stock. Reading the fine
print, the LAWYERS bringing thea ction get the bulk of the $, those
who beleived Merrill get a couple pennies per share. Meanwhile, ML,
their analysts, the rating agencies etc all made untold millions. If
I take the time and complete the paperwork I am entitled to
something. That is, until I read the fine(r) print - that if
you "flipped" the stock in this little time period or made a profit
you are excluded (even though you might of sold just to protect your
investment, not the hyped amount you wanted...)
Plenty of these condo project were built with funny money, funny
promoters and lawyers. No different then the stock market.
We are simple people.
Greedy.
Like a stock, metro sales were taught the phrase "it will only go
up.." "These prices won't last..."
If you take a depsoit check from someone on Thursday, then stop on
Friday. I'd call that fraud.
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