Brock Pierce, a crypto entrepreneur and former child actor who has poured millions into Puerto Rico real estate, is embroiled in a legal battle over one of his most valuable properties.
Pierce, chairman of the Bitcoin Foundation, says a former business associate is trying to cheat him out of a ruined beach-side resort he bought on the island of Vieques in 2021, according to court documents. Companies owned by Pierce paid $18.3 million for about 80% of the property, once a W Hotel that has been closed since Hurricane Maria in 2017 and that he planned on reopening.
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