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How a fake Saudi prince swindled a billionaire Miami developer

by NYC RE feeds
October 9, 2018
Category:   RE News

Turnberry Associates developer Jeffrey Soffer thought he had an offer from the prince of Saudi Arabia to buy the Fontainebleau Miami Beach in 2017 for $140 million more than what it was worth. Negotiations spanned for months, as Soffer allegedly wined and dined the supposed prince and bought him a Cartier bracelet worth $50,000, along with expensive artwork to court his investment, according to Vanity Fair.  In total, he gave the prince $150,000 in gifts. […]


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