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Versace's Former Mansion Caught Up In Ponzi Schemer's Downfall

Filed under: Crimes and Misdemeanors

casa casuarinaEarlier I wrote about the Scott Rothstein Ponzi scheme in Florida but now another news story indicates that the fallout extends beyond just Rothstein's own properties. Casa Casuarina, Gianni Versace's South Beach mansion, is also caught in the crossfire. Rothstein, who is part owner of the property, has been accused of swindling investors in a Ponzi scheme which took in hundreds of millions of dollars.

Just a few weeks ago executive chef Wolfgang Birk moved from Washington D.C. to South Beach to take over the new Italian restaurant at Casa Casuarina but on Monday he was escorted out of the building by police along with the mansion's other employees. The restaurant was supposed to open this week. The employees are out of work and their payrolls will be hung up in court while Rothstein's complicated legal tangles are sorted out. Rothstein's Bova Group had taken over management of the entire property, including the hotel, restaurant, nightclub, and the private membership club. After Rothstein's illegal dealings were discovered Peter Loftin, Casa Casuarina's majority owner, asked that anything associated with Bova Group be taken out of the property in order to protect his property from anyone coming after Rothstein. An article on the Daily Pulp says that Loftin is looking into bringing in a new management company in order to reopen the property.

Rothstein had $1 million wedding at the property last year with Florida governor Charlie Crist in attendance. He has bought a small stake in the mansion and has left behind hundreds of thousands of dollars in unpaid bills relating to renovations for the restaurant and other areas.

Tony Bova, Rothstein's partner in the restaurant business also managed Bova Prime in Fort Lauderdale and was not part of the Ponzi schemer's machinations. The future of that restaurant is also uncertain and it could end up closing.

Casa Casurina Opens For Home Tours

Filed under: Estates

Gianni Versace's Miami, Florida home Casa Casuarina has been a private club for years. Now the 1930 Italianate mansion on Ocean Drive in Miami Beach is open for a limited run of public tours. Versace bought the home in 1992 for $2.9 million and since his death it has been a private club and part of the Leading Hotels of the World group offering ten suites. The Casa also includes a mosaic pool, Observatory roof deck and member's lounges including the Moroccan room, the Caviar Creator Club Lounge, the Polo Bar and the Davidoff cigar bar. Tours of Casa Casuarina cost $50 and are offered at 9 a.m., 11 a.m. and 2 p.m., through Sept. 30. In homage to Versace, the tours, which need to be booked in advance, will be given by a woman dressed in a Versace gown.


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