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OMG. DL fave - Mauricio - he in danger!

[quote]Kyle Richards' husband Mauricio Umansky sued for fraud in $32m Malibu mansion deal... after home sold for DOUBLE the price one year laterThe federal suit alleges Umansky earned 'secret profits' from flipping the home. He sold the mansion to a wealthy investor in 2016 for $32million

[quote]Mauricio invested in the 15,000-square-foot home which resold for $69.9millionDocuments state the 'case involves brazen breaches of fiduciary duties' The Malibu mansion is situated on a bluff above the famed Malibu Pier

Kyle Richards' husband sued for fraud in $32m Malibu mansion deal

The 48-year-old and his company The Agency are being accused of fraud by Sweetwater Malibu LLC after he sold the home to a man in 2016, only to flip the home and re-sell for $69.9million one year later.

by Anonymousreply 1103/14/2019

[quote]brazen breaches of fiduciary duties.

AH HA!

by Anonymousreply 103/14/2019

basically:

He rejected higher offers for the house in favor of a lower bid he (and a partner) put in.

by Anonymousreply 203/14/2019

The Hiltons (Kathy plus hubby) must be loving this.

The hate him and feel fucked over by him. Don't know why exactly.

by Anonymousreply 303/14/2019

I thought this had been settled

by Anonymousreply 403/14/2019

good but I wish the feds would look into that Florida house Trump made double the money off of selling to a rich Russian

by Anonymousreply 503/14/2019

r3 word on the street is he snagged a bunch of Hilton clients when he left and started his own firm, The Agency.

by Anonymousreply 603/14/2019

[quote][R3] word on the street is he snagged a bunch of Hilton clients when he left and started his own firm, The Agency.

RIght. That would make sense.

Hence Mo not being invited to the wedding in London etc...

by Anonymousreply 703/14/2019

So sad.

by Anonymousreply 803/14/2019

How does the stepdaughter feel about all this? Is she going to slurp his big burrito to ease the pain?

by Anonymousreply 903/14/2019

Farrah has stood by his side for years. She'll be there for Mauricio. No fear r9. They are as hot and heavy as ever.

by Anonymousreply 1003/14/2019

[quote] DL fave - Mauricio - he in danger!

I don't think they're as crazy about him as they used to be.

He got older AND put on a little weight, you see.

by Anonymousreply 1103/14/2019
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