A Florida-based lending firm is suing a Michigan organization that administers retirement plans for government employees, claiming it deceptively convinced them to contribute tens of millions of dollar to an ill-fated coffee-growing venture in Hawaii.

In the lawsuit, filed Monday in a court in Polk County, Florida, AgAmerica alleges that between 2022 and 2024, the Municipal Employees' Retirement System of Michigan (MERS) conspired with associated firms to get millions of dollars in loans to correct a long list of construction issues and sanitation violations at their Kona Hills coffee plantation.

AgAmerica claims it was led to believe the money would be used strictly to buy and grow coffee trees.

"… Instead of using the funds for the approved purpose of planting and developing coffee tr

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