Cladek chance at freedom short-lived

The more than 1,000 investors who say they were bilked out of $113 million through the business operated by 69 year-old Lydia Cladek of St. Augustine Beach may have had the “last laugh” following an announcement yesterday that her court-appointed custodian has had “second thoughts”.

Lydia Cladek signature worth $5 million

At the Federal Courthouse in Jacksonville yesterday, Historic City News reporter Kerry McGuire watched as U.S. Magistrate Thomas E. Morris decided to release St. Augustine Beach businesswoman Lydia Cladek — to the surprise and chagrin of many of her more than 1,000 investors who say they were bilked out of $113 million.