Division of Administrative Hearings, Florida
Latest Update: Oct. 21, 1985
The issue presented for decision herein is whether or not the Respondent, Frederick L. Lundeen, is guilty of fraud, misrepresentation, concealment, false promises, false pretenses, dishonest dealing by trick, scheme or device, culpable negligence and breach of trust in a business transaction by misrepresenting that money he borrowed from a one Julie Couch would be used for the purchase of a lot but, instead, he utilized the money in connection with the purchase of a house for use by his family and for payment of other vacation and travel expenses and refuses to repay the loan, in a manner violative of Section 475.25(1)(b), Florida Statutes.3Respondent misrepresented use of money he borrowed and refused to repay. That Respondent drafted note and terms and can't now claim interest rate is usurious. Suspension and fine.
