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CAPE CORAL, Fla. — Like the three parts of a magic trick, an investment land scam in Florida described in a raft of lawsuits involving Norlarco CU, Huron River Area CU and New Horizons CU had its own twist on the three-step stage trick.

First, the Pledge, where a promise is made (you show the audience something), then the Turn, where a switch is made (you take it away) and finally, the Prestige, or payoff, (you bring it miraculously back). In magic though, people are entertained; in real estate, they are swindled.

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