Former fighting champion Chuck Liddell is suing Cuesta Title Company, Stewart Title of California and Stewart Title Guaranty for the losses he suffered in the failed $24 million golf course development known as Vista del Hombre.
Liddell’s friend Kelly Gearhart, the developer of the project and a former Atascadero Citizen of the Year, is awaiting sentencing on federal fraud charges June 1. Because he filed bankruptcy, 500 of the investors are suing the title companies, claiming they were part of Gearhart’s Ponzi scheme.
Defense counsel for Cuesta Title is claiming that it knew nothing about the fraud or Ponzi scheme orchestrated by Gearhart and that it did its job as an escrow company.
Read the original article in The Tribune.
Note: there are many earlier articles about Kelly Gearhart, which you can find by searching this blog.