SW Florida Real Estate Agent Battles Civil, Criminal Fraud Charges Involving Different Failed Real Estate Projects

In Lee County, Florida, The News Press reports:

• Daniels View was the crown jewel in rising real estate star Samir Cabrera’s ambitious group of investments in 2006, a chance for investors to get in on a hot land deal in Lee County. Two years later, investors are settling for pennies on the dollar and level allegations of fraud in a civil suit against Cabrera involving the 80-acre project along Daniels Parkway in south Fort Myers.

• The allegations in the civil suit bear striking similarities to those made last month in a federal indictment charging Cabrera with four counts of fraud involving two other properties along nearby Fiddlesticks Boulevard. Daniels View is also what’s driving Lee County commissioners to call for an investigation into whether County Manager Don Stilwell — Cabrera’s father-in-law and an investor — lied about his involvement in the project.

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• According to court documents [in the criminal case], Cabrera bought two properties on Fiddlesticks Boulevard in south Fort Myers through one company, then sold the properties on the same day to another company he controlled. The indictment alleges Cabrera profited from the sales and didn't disclose to investors that he owned both companies. [...] Some investors in Daniels View tell a similar story, saying they did not know that property was flipped or that Cabrera controlled both companies.

For more, see Daniels View, crown jewel of properties, has yielded only tarnish.

See also:

1) Naples Daily News: More investments gone sour plague indicted real estate agent, which reports:

• While Fort Myers real estate agent Samir Cabrera was allegedly mismanaging two property investments along Fiddlesticks Boulevard in a way that would later lead to federal fraud charges, he also was attracting investors to launch a larger deal on the land next door. That deal was called Daniels View.

2) Naples Daily News: Stilwell had ties to third development by indicted son-in-law:

• [I]nitially, when asked last year about his financial stake in Daniels View — a project at the southwest corner of Daniels Parkway and Interstate 75 that lacked good road access — Stilwell said he had no involvement. [...] But after his son-in-law, Cabrera, was indicted in June on four counts of wire fraud involving two land deals along Fiddlesticks Boulevard, Stilwell provided more details.

3) Naples Daily News: Samir Cabrera case: Story of real estate ventures gone awry (The free-spending lifestyle of Samir Cabrera may have allowed his business partners to force a payout that ruined the chance for his real estate deals to succeed).