A principal investor in the proposed Elvis-themed resort planned for Horn Lake was president of a company targeted in legal action in Florida. In 1996-97, Daniel DelPiano was president of Premier Holidays International when the company conducted seminars seeking investors in the Tampa Bay area. Florida courts are sorting out legal claims resulting from the venture.
Investors, on Nov. 4 won a civil judgment against DelPiano, Daniel Stetson and Premier Holidays International. They were promised a 16 percent return on their investments, but he said they received nothing. The judgment totals $536,000.
State authorities have been investigating Premier Holidays for about a year, said Laura Royal, an investigator in financial investments-criminal enforcement with the Florida Department of Banking and Finance.
In addition to the Florida case, a $4.6 million judgment was entered against DelPiano and Premier Holidays March 20 in federal district court in Atlanta.
Also, DelPiano, Premier Holidays International and Sentinel Insurance Co. Ltd. lost a $12 million judgment in a federal district court in Massachusetts in 2001.