Category Archives: Paragon Properties Class Action

Paragon Properties of Costa Rica — Third Amended Class Action Complaint Filed

June 16th, 2011

The Third Amended Class Action Complaint was filed yesterday against Paragon Properties of Costa Rica and its affiliated entities and owners. This amendment is, at the court’s request, significantly tighter and more streamlined, and it clearly identifies who is suing who for what. The scope of the fraud continues to grow and the web of deception that was created has become increasingly complex.
There are over 300 named plaintiffs with total out of pocket losses in excess of $12,500,000.00.
The complaint is here:
DE_150_ThirdAmendedComplaint

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Smart Money Magazine Covers the Paragon Properties Class Action

March 14th, 2011

The April 2011 print edition and the March 13, 2011 online edition of Smart Money Magazine featured a long piece on retiring overseas. The article includes a discussion of the potential dangers of investing in real estate in South America. Part of the discussion includes Sarelson Law Firm’s class action lawsuit against Paragon Properties.
The article is here.

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Real Estate Fraud Lawsuit Filed Against Paradise International Properties

October 31st, 2010

As part of Sarelson Law Firm’s investigation into Paragon Properties, the firm has been retained by several individuals in a very similar lawsuit against Paradise International Properties. One of the defendants in the Paragon lawsuit apparently broke away and started a competing real estate development company known as Paradise International. Paradise, like Paragon, sells real estate in Costa Rica. The suit names Paradise International, its owner Larry Webman and its escrow agent and attorney, Gene Rosen.
The Complaint is here:
Paradise International Complaint
Sarelson Law Firm is interested in speaking with anyone who has any knowledge concerning this company and its co-defendants.

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