{"id":25425,"date":"2026-02-05T22:18:29","date_gmt":"2026-02-05T22:18:29","guid":{"rendered":"https:\/\/diazreus.com\/?p=25425"},"modified":"2026-02-05T22:18:29","modified_gmt":"2026-02-05T22:18:29","slug":"immense-shell-game-aston-martin-residences-developer-accused-of-fleecing-owners","status":"publish","type":"post","link":"https:\/\/diazreus.com\/es\/immense-shell-game-aston-martin-residences-developer-accused-of-fleecing-owners\/","title":{"rendered":"\u201cImmense shell game\u201d: Aston Martin Residences developer accused of fleecing owners"},"content":{"rendered":"

The Real Deal – Francisco Alvarado _Feb. 5, 2026<\/p>\n

Germ\u00e1n Coto allegedly engaged in self-dealing via bogus contracts that lined his pockets, according to a lawsuit.
\nAston Martin Residences developer Germ\u00e1n Coto is accused of siphoning millions of dollars from condo owners, according to a bombshell lawsuit being reported for the first time by The Real Deal.<\/p>\n

Coto is accused of running \u201can immense shell game\u201d via condo association contracts to vendors with close ties to Coto.<\/p>\n

The 300 Biscayne Boulevard Way Condo Association sued Coto and a web of his business entities, as well as his mother and associates who allegedly helped him defraud the association before unit owners took over the board.<\/p>\n

The complaint, filed in Miami-Dade Circuit Court, accuses the developer and his alleged cohorts of self-dealing, fraud, breaches of fiduciary duty and violations of Florida\u2019s Condominium Act. The association claims the alleged scheme left the building with incomplete records, misappropriated funds and long-term financial harm.<\/p>\n

The lawsuit is seeking more than $5 million in damages.<\/p>\n

The condo association hired lawyers and forensic accountants \u201cto uncover a lot of self-dealing, a lot of theft and a lot of manipulation by the management company to benefit the developer at the financial expense of the owners and the association,\u201d said Michael Diaz Jr.<\/a>, an attorney and Aston Martin Residences condo owner who was elected the association\u2019s president last year. <\/p>\n

READ MORE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Real Deal – Francisco Alvarado _Feb. 5, 2026 Germ\u00e1n Coto allegedly engaged in self-dealing via bogus contracts that lined his pockets, according to a lawsuit. Aston Martin Residences developer Germ\u00e1n Coto is accused of siphoning millions of dollars from condo owners, according to a bombshell lawsuit being reported for the first time by The Real Deal. Coto is accused … Read More<\/a><\/p>\n","protected":false},"author":5,"featured_media":25426,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rs_blank_template":"","rs_page_bg_color":"","slide_template_v7":"","inline_featured_image":false,"footnotes":""},"categories":[872,231],"tags":[],"class_list":["post-25425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles-publications","category-articulos"],"acf":[],"yoast_head":"\n\u201cImmense shell game\u201d: Aston Martin Residences developer accused of fleecing owners - Diaz Reus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/diazreus.com\/es\/immense-shell-game-aston-martin-residences-developer-accused-of-fleecing-owners\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u201cImmense shell game\u201d: Aston Martin Residences developer accused of fleecing owners - Diaz Reus\" \/>\n<meta property=\"og:description\" content=\"The Real Deal – Francisco Alvarado _Feb. 5, 2026 Germ\u00e1n Coto allegedly engaged in self-dealing via bogus contracts that lined his pockets, according to a lawsuit. 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