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Nygred's Corporate Offices Lived Under Similar Penalties
In 1987, Peter Nygred purchased land in the Bahamas where he soon began construction on a sprawling estate. In 2003, an American couple sued him in Florida for allegedly tricking them into accepting jobs and managing this estate. They also alleged that he fined workers for petty infractions, which Nygred conceded to doing during a court case. He claimed this was done in cases of quote, lateness and poor quality work. Such penalties under law are only allowed to be deducted from quarterly bonuses, but Nygred illegally deducted them from weekly pay.