Chemical Research devoted its activities towards developing "technical process," along with equipment for the mining and petroleum industry.
Both the Mackle Company and Chemical Research would create 4 subsidiaries for developing property on both coasts of Florida during October 1954.
Prior to this, it had been investigated by the federal government for two years for falsely inflating the prices of houses.
In a plea agreement, GDC "agreed in principle" to make a restitution fund for those who bought homes between January 1, 1982 and December 31, 1989.
[9] It was decided that Chairman David F. Brown and President Robert F. Ehrling would be prosecuted separately from the company.
[7] Subsequent to the indictments and convictions of senior management, the 11th Circuit Court of Appeals exonerated the men, reversing their convictions and directing that all charges against them be dismissed (see US v. Brown, 79 F.3rd 1550 (1996) for a complete discussion of the case and a general exoneration of General Development Corporation.
When North Port was incorporated, GDC employees even made up the first City Council.