Costa Palmas and its owner, Jason Grosfeld have been involved in numerous instances of alleged fraud, extortion, contract interference, and other illegal business practices
These Lawsuits Allege:
Costa Palmas, a luxury resort project in Baja California Sur, Mexico, faced allegations of fraud. Investors claimed they were misled about the project’s progress and faced difficulties in obtaining refunds. The dispute highlighted challenges in international investments and the importance of due diligence in real estate ventures, tarnishing the project’s reputation.
Allegations of extortion surfaced in the Costa Palmas resort development project, Baja California Sur, Mexico. Reports suggested that individuals involved in the project faced threats and coercion, leading to legal battles and tarnishing the venture’s image. The case underscored the complexities and risks associated with high-profile real estate developments in international settings.
Costa Palmas, a resort project in Baja California Sur, Mexico, encountered allegations of contract interference. Disputes arose over agreements between investors and developers, leading to legal battles and project delays. The incident shed light on the challenges of navigating contractual obligations in large-scale real estate ventures, impacting stakeholders and the project’s progress.
According to interviews with Jason Grosfeld in 2021, Irongate’s founder and CEO, Costa Palmas has enjoyed more than $1 billion in home sales, spurred on largely by the pandemic. Some homeowners in Costa Palmas, however, accuse Irongate of being a present-day Bernie Madoff, using the millions of dollars that it receives for luxury homes in a loosely structured Ponzi scheme to take or divert money from home buyers for Irongate’s own personal profit.