Meet The Lennar Executives
Stuart Miller became CEO of Lennar when his father – a cofounder of the company – passed away suddenly. The transformation of Lennar at the hands of Mr. Miller has been nothing short of astonishing. With Miller at the helm, Lennar has become a “financial serial killer”. Hundreds of lawsuits have been filed against the company by plaintiffs alleging fraud, fraud in the inducement, breach of contract, and a lot more. A Maryland federal judge ordered disclosure of pending fraud litigation against Lennar in the context of yet another fraud suit before the court – and Lennar was forced to disclose to the judge that there were over 500 pending fraud lawsuits at that time. Based upon a thorough review of litigation filed against Lennar, there is no doubt that the company has been transformed into a racketeering enterprise by Mr. Miller and his key employees.
Jonathan Jaffe is Mr. Miller’s right hand man, and serves as COO of Lennar. He has been directly involved in numerous criminal acts perpetrated by Lennar. For example, Jaffe testified under oath that he was a “key decision maker with respect to the activities of LandSource” – the entity used to defraud CalPERS. Jaffe was intimately involved in the Five Point Holdings public offering of grossly overpriced stock to the public. Jaffe has been linked to a mysterious Cayman Islands money launderer, and – when faced with with pressing cash needs – was found to have repatriated millions of dollars stashed in secret offshore accounts – using false mortgage documents purporting to represent a third-party loan on his principal residence.
Mr. Haddad came to Lennar from a bankrupt Canadian development company. His primary role with Lennar has been land acquisition and management. Haddad was an integral part of the CalPERS swindle, preparing and presenting clearly fraudulent appraisals and cash flow projections to both CalPERS and Barclays Bank. Haddad was placed in charge of Five Point Holdings at the direction of Mr. Miller. He put together the offering documents to take Five Point Holdings public, and served as the company’s CEO until his services were terminated in August of 2021. In parting, he received a lavish “consulting” contract – despite the fact that Five Point Holdings lost money every year since the public offering and that shareholders lost over 90 % of their investment under his management.
Keith Jackson was a key Lennar employee for over five years in the Lennar Bay Area development operations. He was a highly-paid employee – but with no clear job description. Mr. Jackson also served as liaison between Lennar and Raymond “Shrimp Boy” Chow – a notorious Bay Area gangster. Some clarity came when Mr. Jackson was indicted on 11 counts, including felony bribery, money laundering, racketeering, campaign fraud, grand theft, and murder-for-hire. His “services” were terminated at Lennar when he entered into a plea agreement with the authorities. He is now serving a lengthy prison term.
Key Lennar Executives Celebrate The Sale Of Soon-To-Be Nearly Worthless Shares In Five Point Holdings LLC