AGATE v. CLAMPITT

No. 2D11-581.

80 So.3d 450 (2012)

Joseph AGATE and Janet Agate, his wife, Appellants, v. Ronald E. CLAMPITT, Appellee.

District Court of Appeal of Florida, Second District.

February 24, 2012.


Attorney(s) appearing for the Case

Thomas H. McGowan , St. Petersburg, for Appellants.

John R. Hightower, Jr. , and Katie Brinson Hinton of McIntyre, Panzarella, Thanasides, Hoffman, Bringgold & Todd, PL, Tampa, for Appellee.


CASANUEVA, Judge.

Beginning in 1996, Joseph and Janet Agate transferred various installments of money to Ronald Clampitt based on his assertion that as a mortgage broker he would use this money to fund mortgages. In return, they would reap the benefit by receiving the interest to be generated from the mortgagors' monthly payments.1 Unfortunately, they did not memorialize this arrangement in writing. When the returns did not amount to what...

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