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From Bad to Wurst

German citizen Anton Philipp has bought a lot of property on Miami Beach. Now it doesn't look too hot.

Philipp says his brother's ownership is not sinister. Once conversions get rolling, neither investors nor anyone else will have anything to gripe about.

"When you're successful and better than others, it's very difficult for others to admit they're not as good as you," he explains. "It's easier for them to accuse you of a crime.

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