Broward News

Did Zada Victimize Gay Community?

National media coverage of the Joe Zada investment scandal has so far focused on his relationships with the Wellington-based equestrian community as well as with the former hockey star, Sergei Fedorov, who claims that Zada cheated him out of his $43 million investment. But it's apparent that a number of Zada investors are gay, a plot line that as more investors emerge could eclipse the equestrian angle.

In his documentary proposal about the Zada case, alleged victim Ron Davis says he met Zada at Fire Island Pines, a gay resort area on the southern part of Long Island in New York.

Another alleged victim, Robert Dover, is openly gay and has been posting updates on his own website about his own frustrations recovering money he entrusted to Zada. Dover's partner Robert Ross has also claimed he was cheated out of his investment.

A four-time Olympic medalist who's among the best Americans to compete internationally in the obscure equestrian sport of "dressage" -- an athletic performance that is for horses like the floor routine is for gymnasts -- Dover seems only a little miffed that his own lawsuit against Zada, which produced a judgment for $4 million, failed to create national news.

It's amazing what happens the minute an NHL star decides to go public with his story! It's like, "RD has done 6 Olympics and has 4 medals. Whatever. But did you here about NHL star, Serge Federov, saying that Joe Zada embezzled 43 million dollars from him?   Dover who?"
Here's video of one of Dover's legendary performances.

Clearly, though, Zada found investors in a variety of places. The Palm Beach Post quotes firefighters in Martin and Palm Beach counties who are holding off on their own suit in hopes that Zada returns their investment. An article in last week's USA Today reported that Fedorov met Zada through a mutual friend at a Porsche dealership in the Detroit area.

KEEP NEW TIMES BROWARD-PALM BEACH FREE... Since we started New Times Broward-Palm Beach, it has been defined as the free, independent voice of South Florida, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.
Thomas Francis