$70 Mil Yacht Deal Prompts Lawsuit Over Allegedly Stolen Wages

BOAT!.jpg
On a boat...
A Broward County man has just learned that people might backstab each other over large sums of money.

David Frazer, who worked for a local, high-end ship broker, says his former employer cheated him out of a nearly $5 million commission, according to Broward County Civil Court filings. So he's suing that company, Merle Wood Associates Inc., to get the money.

Although lawsuits over unpaid wages are not entirely uncommon, the court documents on the subject matter -- Fort Lauderdale's yachting world -- give a unique glimpse into the dynamics of the area's elite.

Frazer, who started working with Wood in 2001, claims he was a go-getting salesman.

Around 2003, "a highly successful finance executive" by the name of Bruce Sherman contacted Frazer "to discuss the possibility of Sherman acquiring a yacht."

The "highly successful" Sherman seemed to waffle for seven years on whether he even wanted a fancy boat. Indeed, from 2003 to 2010, Frazer spent "countless hours" trying to find a yacht for the indecisive financier.

Merle Wood, filings indicate, eventually caught wind of superrich Sherman and took interest in the client. The three wound up meeting in Naples in 2008. Frazer also picked out a couple of 200-foot yachts to show off.

When Sherman retired in 2009, becoming "even more interested in purchasing a yacht," Frazer upped his sales efforts even more.

He and Frazer planned a shopping trip for summer 2010. They were going to go Europe together, so Frazer could help Sherman find the yacht of his dreams.

But in March 2010, Wood hired another yacht broker, Francois Van Weil, and fired Frazer two months later.

Then, in September 2010, Sherman finally settled on a 210-foot boat, Secret, for $69.5 million.
Van Weil and Wood made $4,865,000 off the deal.

Frazer claims the money is rightfully his.


Follow The Pulp on Facebook and on Twitter: @ThePulpBPB.


Advertisement

My Voice Nation Help
12 comments
Marthayachts
Marthayachts

I am sorry Mr. Frazer- welcome to the yacht broker industry- It's evident that Mr. Sherman made up his mind and went ahead with another lucky sales/broker.

I agree Sherman just toy around with you for a long time. shame on him.

DARLENEandGOOT
DARLENEandGOOT

Parklandman, you rant at what, you stupid moron, shut up. You sound like a whore that got done wrong by her pimp. Go blow yourself off, then up. And do the rest of the world a favor and return to ashes. You no good, ass picking dickweed. Go Frazer, hope you win and clean the low life assholes clean from their stolen riches.  -Randall

zovannee1
zovannee1

Moncler femmes simply moncler coats menoffer women not only good looking, but also are functional in any type of weather. When it's cold you want something that can really protect you from the elements, Moncler jacket just can do that. Moncler jackets are available in different sizes and ugg boots australiacolors. You can find any of the size which best fits you. Regarding wintry the winter season kid's cheap moncler jacketsMoncler down jacket cheap black ugg bootsare invariably a good choice because ideal combined heat along with classy design and style. Moncler coats are generally durable water-resistant at ease however highly comfortable with regard to their finest lower insulations. Moncler bailey button boots ukcoats not simply save you from getting stuck cool but they are your look assertion. Moncler manufacturer evolved into worldwide-known due to its special hip models along with high end. But now, things can be change because of this lightness men's clothing. Its excellent thermal effect, it's beautiful design and its comfortable wearing will give you a warm moncler coats for womenand pleasant winter.

Parklandman
Parklandman

Hey look why do we keep beating around the bush I tell everyone I'm at Bellasara for 2 reasons 1 to buy you a drink and the other is for some tuff ah lawyer to come get even, and it's all over in seconds,and not pretty with there fn Adams apple laying on the ground.that's about the size of it. And remember I'm just waiting on some juke box hero who's felling there oats,come see the parkland man.

Parklandman
Parklandman

What a fn asshole,on your best day with wind behind it and his mother on roller skates, he would have gotten 20 percent on smaller boats only,and a lot less on big ships so lets say 20 percent is 1 .4 million tell him and his lawyers to go jump off a fn bridge,fuck him and his sb lawyer,fn ah,all these suing assholes should get hit by a boat.fn looser. 

Aussiemullen
Aussiemullen

Cursing like that... Gotta be Merle Wood. Frazer wont win. This is Merles game

hmmmm
hmmmm

are you van weil or wood?

Bubba The Wise
Bubba The Wise

Not a bad rant but not really up to your good ones. Feeling ok today?

Parklandman
Parklandman

Hey look I have no idear who the dealer is getting sued by this ah but it's crazy,I just hope the guy suing looses and has to pay the guys fees to defend that horseshit,maybe this guy should sue his mother for having a Pice of shit like himself.

Now Trending

Miami Concert Tickets

From the Vault

 

Loading...