See if this story sounds family: Developers lasso dozens of resort condominium investors with promises of easy terms and sure-fire profits. Developer fails to follow through when the market turns sour. Investors stand to lose millions.

To see how the scenario played out at Clearwater Cay Club, a 350-unit complex on Tampa Bay, check out this federal lawsuit filed by 23 disgruntled buyers Download cay_club.pdf. Give it a moment to download as it's quite long.

The suit offers enlightenment about how some businessmen played the game during the housing boom. In a nutshell, developers promised a grand resort modeled on Las Vegas' Venetian hotel. Gondolas and canals were even part of the game plan at some point.

For all the millions they poured into the property, investors claim the amenities never materialized and now Cay Club is a "virtual ghost town" where condos sell for half of what they paid for them.

They want their money back and any damages a judge deems worthy.