Investors’ deals with developer lead to court [North Florida]
A Gainesville doctor took a second mortgage on his house to make a $100,000 business loan to Sarasota developer Rod Connelly.
It seemed like a good deal: 18 months at 20 percent interest.
Two years later, Robert Erickson and his wife had not seen a dime. After they learned that the project in which they had invested was dead, and that Connelly never mentioned that fact, they asked for their money back.