Hell's Bay Customers Angered by Auction Results

Almost 40 customers of Hell’s Bay Boatworks stared in disbelief as no buyers appeared to purchase the boat company’s assets on March 29. Now any liability for deposits paid by those buyers is gone with the wind, as Riverside National Bank of Orlando, which had loaned the company $2.7 million, gains ownership. “Hope had grown nearly into an assumption that a group of wealthy investors would ride in, buy the company, and pledge to finish building the boats that were promised to customers.” Ben Ianotta in The Keys News. (Thanks to reader David Dalu for this story.)

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