“Deceptive and callous”: Lawsuit accuses David Martin, Richard Meruelo of $100M scheme targeting matriarch Belinda Meruelo

Family matriarch Belinda Meruelo was celebrating her 88th birthday at an office party two years ago when she was allegedly lured into a closed-door meeting and “manipulated and tricked” into signing away an interest in the oceanfront Deauville Beach Resort property, according to a scathing lawsuit filed this week.  David Martin’s TMG 67 Communities acquired a 25 percent stake in the Deauville, a 3.8-acre oceanfront property at 6701 Collins Avenue in Miami Beach, in April 2024. That deal is at the center of the lawsuit, which alleges fraud, breach of fiduciary duty, rescission of the land contract and co-tenancy agreement, […]

This article originally appeared on The Real Deal. Click here to read the full story.