Cuthill told Judge Arthur B. Briskman he rejected the check from Jon M. Knight of Sorrento, FL and J. Anthony Huggins of New Smyrna Beach, FL because it was marked 'paid in full.' Cuthill has told the court he thinks he can find and seize Knight-Huggins assets valued for at least $8.5 million.
The scam is one of the largest real estate-related deceptions in Florida annals, Cuthill has told the court. The Boston-based Evergreen family of mutual funds, operated by Wachovia Corp., is not associated with Evergreen Security Ltd.
Knight and Huggins were former investment advisers to the defunct Evergreen Security Ltd., a British Virgin Islands-registered company that had sold the purportedly government-backed mortgage securities from a Downtown Orlando office from 1990 to January 2001 when Evergreen voluntarily filed for Chapter 11 protection from creditors.
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