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Shawn Loyden

Pinellas college student sues real estate developer for taking her investment

in The Bay and the 'Burg/Top Headlines by

A Treasure Island woman is suing a St. Petersburg real estate developer for taking her half of an investment and not repaying it. According to documents filed in the case, Lynn Savoia, a former purchasing manager for the company Formulated Solutions, entered into a joint venture with Shawn Loyden. Each party was supposed to kick in $40,000 to a local businessman at an annual interest rate of 12 percent. But Loyden allegedly failed to keep up his end of the…

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