MIAMI (AP) - A lawsuit filed in Miami is claiming a father-and-son business committed fraud through a series of Dominican Republic real estate deals.
The lawsuit claims some 2,500 investors - mainly in the U.S. and Canada - were defrauded of more than $100 million.
The lawsuit names dozens of defendants but says the scheme was mainly operated by two Canadian citizens - Frederick Elliott and Derek Elliott.
A federal judge has scheduled a hearing next week on whether to effectively stop the Elliotts from continuing to do business.
Attorneys for the Elliotts contend that U.S. courts aren't the proper place to hear the claims. Instead, they say the real estate contracts require the legal disputes to be settled in the Turks and Caicos Islands.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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