Watermeier & D'Alessandro split

Trouble brewing at the local think tank

A major rift has developed at between the SW Florida mover and shaker team of Janet Watermeier and Frank D’Alessandro at Florida Gulf Coast Group, LLC. To the casual observer it appeared that these guys had it made, garnering big consulting bucks to provide developers with their stamp of approval on a prospective deal.

Real estate broker Frank D’Alessandro says in a lawsuit that longtime business associate Janet Watermeier looted an escrow account in their consulting company and went behind his back to set up a competing firm.

But D’Alessandro says in a lawsuit filed Oct. 21 that he discovered Watermeier, her husband Thomas and her sister Jerilyn Schnitzel have been secretly operating a competing real estate company, International Capital Group, that also solicited real estate business in Southwest Florida.

In a motion filed today in Lee circuit court, D’Alessandro charges that Watermeier — without D’Alessandro’s consent — withdrew $71,190 from an escrow account and deposited it into Florida Gulf Coast’s operating account.
Not mentioned in the News-Press article, but the Florida Gulf Coast Group website is currently off the air. It may not be evident today, but neither party is going to come out a winner in this deal. The loss of credibility for these two players is worth far more than the amount of escrow in dispute.

Real estate big-shot D'Alessandro sues business partner [News-Press]

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