Homeowner Sues Realtor Over $6 Million Loss in Jeff Bezos Mansion Sale

Leo Kryss alleges Douglas Elliman misled him about the buyer's identity, resulting in a discounted sale price for his Miami Beach property.

Leo Kryss, co-founder of Tectoy, claims he sold his Miami Beach mansion for $79 million, $6 million below its true worth, after being misled about the buyer's identity.
Kryss alleges that Douglas Elliman's CEO, Jay Parker, falsely informed him that Amazon founder Jeff Bezos was not the buyer, leading to the discounted sale.
The lawsuit, filed in Miami-Dade County, argues that knowing Bezos was the buyer could have influenced Kryss to negotiate a higher price.
Legal experts suggest Kryss has a strong case for negligent misrepresentation, as the broker had a duty to disclose material facts affecting the property's value.
Douglas Elliman has filed a motion to dismiss the suit, while Kryss seeks damages exceeding $750,000 and the forfeiture of the broker's $3.16 million commission.