The real estate investments put together by developer Gregory Jeffreys in the years before his criminal indictment have been the target of lawsuits by investors, who claim Jeffreys took advantage of them. But these investors do not blame Jeffreys alone. They – and others who are familiar with elaborate transactions at the Ridpath Hotel and in Airway Heights – are unsparing in their assessment of appraisers, bankers, an attorney and other institutional parties involved with the transactions. The system, they say, broke down.