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General Development Corporation

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 1992

    Convictions of former executives

    Former chairman David F. Brown, president Robert F. Ehrling, and marketing executives Torre DeBella and Richard Reizen were convicted in connection with the fraud prosecution. The convictions were later reversed by the Eleventh Circuit, which directed that the charges be dismissed.

    Source

  2. 1990

    Fraudulent home-sales allegations and corporate mail-fraud plea

    Federal investigators examined allegations that GDC falsely inflated house prices and used fraudulent sales methods. The corporation pleaded guilty to federal mail fraud on March 16, 1990, and agreed in principle to establish restitution for qualifying purchasers from 1982 through 1989.

    Source