22ND Century Properties, LLC and David F. Damerau v. FPH Properties, LLC

This case arises from a real estate venture gone awry. In 2002, appellants 22nd Century Properties, LLC and its principal, David Damerau, entered into a contract with appellee FPH Properties, LLC (“FPH”) whereby FPH agreed to front appellants money to purchase and develop three properties for profit. When the dust settled, only two properties sold and Dam-erau occupied the third as his homestead. As to the two sold properties, FPH discovered that appellants had falsified documents to maximize their share of the profit and minimize that of FPH. FPH brought suit and obtained a final judgment in…