High-rolling developer of collapsed Florida condo faced legal, money woes during project

[Yo_Mama_Been_Loggin]

Nathan Reiber retired to Florida in the 1970s carrying more baggage than a suitcase.

The Canadian lawyer would come to be hailed for his philanthropy, rubbing elbows with celebrities and world leaders, and donating time and money to charitable causes. His South Florida building career was described as a happy accident, a case of a shrewd retiree spotting a property and launching the second act of his business career.

But by the time Reiber was building the Champlain Towers in Surfside in the 1980s, he was facing tax evasion charges in Ontario stemming from siphoning coin laundry money from his apartment buildings there. A warrant was issued.

Reiber’s background and the history of the towers has come under scrutiny since more than half of Champlain Towers South at 8777 Collins Ave. collapsed in the early morning hours of June 24. Search and rescue teams have confirmed 22 deaths with 126 people still unaccounted for as of Friday night.

-more-

https://www.yahoo.com/news/high-rolling-developer-collapsed-florida-090055024.html

[NQAS]

1. One of my guiding principles?

There’s always a back story.

Might not be fraud or anything criminal, but when people start behaving oddly, there’s a back story. Whatever the stated reason for the behavior, it’s always something else or something more. Spouse? Affair? Divorce? Money? Mental illness?

In this instance there will be tons of stories why did the building inspector say everything was fine a few years ago. Now this story about the developer. The various members of the condo association and issues apart from the cost of repairs.

And on and on

[vanlassie]

2. He was in trouble for siphoning off COIN LAUNDRY money???

Surprising how many grifters steal just because they can. What an idiot.