Florida lawsuit calls Digital Domain ‘de facto Ponzi scheme’

South Florida Business Journal -- The State of Florida filed a lawsuit against Digital Domain calling it a “de facto Ponzi scheme” and seeking to recover $20 million in state incentives granted to the company before it failed. The lawsuit, filed in St. Lucie County Circuit Court by Fort Lauderdale attorney William R. Scherer on July 22, could draw attention in this year's governor’s race. Charlie Crist approved the incentives for Digital Domain while he was Republican governor in 2009. Crist is now running as a Democrat seeking to unseat Governor Rick Scott, who authorized this lawsuit. Read more about Digital Domain here   … [Read more...]