Duprey buys US$1.5b in Florida real estate
Published by Nation Newspaper on: 2/28/09.

PORT-OF-SPAIN –CL Financial chairman Lawrence Duprey went on a shopping spree in south Florida in the last five years, buying or developing up to a dozen properties and spending an estimated US$1.5 billion.


The investment appeared in the CL Financial annual report in 2004 as an associated company with CL Financial holding a 26.88 per cent interest.

The investment does not appear in the CL Financial annual reports after 2005 and there is no mention of it being sold.

What? It just disappeared?  I wonder if the external auditors noticed it.

Florida real estate has taken a dive. Lenders will be clamouring for payment.