TINWOOD N.V. v. SUN BANKS, INC.

No. 89-2281.

570 So.2d 955 (1990)

TINWOOD N.V., Appellant, v. SUN BANKS, INC., Etc., et al., Appellees.

District Court of Appeal of Florida, Fifth District.

Rehearing Denied December 13, 1990.


Attorney(s) appearing for the Case

J. Alfredo de Armas of Munilla & Associates, P.A., Arnaldo Velez of Taylor, Brion, Buker & Green, Miami, and James C. Adkins, Tallahassee, for appellant.

Thomas B. DeWolf, Marc P. Ossinsky, and John L. O'Donnell, Jr., of DeWolf, Ward, O'Donnell & Hoofman, P.A., Orlando, for appellees Figueredo, Euro-American Inv. Corp., Inc. and Euro-American Properties, S.A.

No appearance for appellee, Sun Banks, Inc.


HARRIS, Judge.

Robert Figueredo located certain property in Orange County that he believed would be a good investment opportunity for foreign investors. He incorporated Tinwood, N.V. under the laws of the Netherlands Antilles with himself as president and general manager. He then prepared an offering brochure and distributed it to proposed foreign investors. In the brochure he offered stock in Tinwood to raise $3,600,000 (half in cash; half in notes) to acquire 54...

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