Farace v. Feher
Jan 06, 2012OUTCOME: $261,357.90
We represented an investor who was scammed out of a quarter million dollars. The defendant broker convinced plaintiff to “invest” $261,357.90 in a gas station near Palm Springs with a series of lies a ... bout its viability. Defendant broker then waited six months for the property to into foreclosure. When it did, Defendant broker bought the property out of foreclosure for $50,000. Plaintiff lost almost a quarter of a million dollars; Defendant risked nothing and walked away with a Gas Station near Palm Springs. The broker blamed the market for Plaintiff’s loss and offered $10,000 to settle. After a week long bench trial Judge Gonzalo P. Curiel found for Plaintiff on all counts including fraud, breach of fiduciary duty and negligence and awarded plaintiff $261,357.90. In addition, the Court disregarded the Defendant’s corporate entities thus leaving Defendant liable for the full amount.
