Quote:
Originally Posted by mickey100
I read it somewhere in all the myriad of information and articles that are out there that Morse is not paying for the lawyers. It is being funded by the central districts which get there money from our amenity fees.
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You are correct. Furthermore, the Morses, themselves, are not the subject of the IRS investigation. The Center Districts, which sold the bonds to raise cash to pay the Developer for the amenity facilities, etc. are the subject. Remember, technically the Developer is NOT the Morses. The Developer is a corporation (The Villages of Lake-Sumter, Inc.), which is owned by the Morses.