Meanwhile, Fields brought in Toussie as a minority partner in the Seminole development deals, in which the New York real estate mogul saw his initial $2.88 million investment turned into more than $40 million in profits over a 15-year span, the complaint states. Milonas identified other breaches by Fields, including his leveraging of the partnership’s casino resort revenue to finance loans that fueled a lavish lifestyle filled with property purchases in New York, Florida, Texas and Wyoming, where he borrowed nearly $30 million from Bank of America to buy a ranch. The previous year, Toussie settled a lawsuit against Fields over the casino resorts’ profits in which both parties agreed to handle any future disputes through arbitration. In late 2016, arbitrator and New York attorney Elias Leo Milonas ruled that Fields and Coastal violated the partnership agreement by refusing to pay Toussie its share of a lump sum payment that was part of a 2007 settlement agreement from the Seminole Tribe for more than $200 million to buy out the two partners. “It is an attempt to come out from under a multimillion-dollar judgment entered in New York State Supreme Court against Mr.
Jonathan Lupkin, Toussie’s attorney, said Fields’ complaint has no merit.
