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Auditors Tracking Missing $20 Million In Miami Developer Case – The Miami Herald

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The case against Doug Cox, his business and live-in partner Nicole Pearl and their companies Send Enterprises and Drive Development is in Miami-Dade Circuit Court under Judge Jennifer Bailey. Cox and Pearl have collected $15 million in deposits from buyers since 2018. None of them have moved into the homes Cox promised to build as he perpetually postponed their closing dates.

Phillip Sylvester, a real estate investor from Chicago who originally hired Cox to build homes in 2014 and then formed a joint venture with Cox in 2019 to build more homes, says Cox owes him $7 million. Sylvester filed an emergency motion for a receiver after reading the Miami Herald article, claiming Cox double-crossed him, violated their agreement and shut out buyers. Sylvester’s lawyer, Marcos Jiménez, compared Cox’s transactions to a ”Ponzi scheme” in a hearing.

The Miami Herald
Marcos Daniel Jiménez
Marcos D. Jimenez Avatar
Marcos D. Jiménez
Marcos D. Jiménez is a Partner at León Cosgrove Jiménez, LLP and a Chambers-ranked commercial litigator with a proven track record of success in complex business litigation and white-collar criminal matters.

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