German bank is threatening to take over the Versace mansion in Miami Beach

German bank WestLB is threatening foreclosure on the Versace mansion in Miami Beach. WestLB holds a $25 million mortgage on the property, which has been involved in a series of legal skirmishes in large part due to Ponzi schemer Scott Rothstein’s just-under-10 percent stake in the home. Last week, Paul DeJoria offered to pay the U.S. government $100,000 to drop its claim on the home — although the government admitted the claim was worthless earlier this month.

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