Real Estate Fraud
Verdict of $1,800,000 including $600,000 in punitive damages
Two brothers inherited real estate from their father. Included in that real estate was an income producing commercial property. It was agreed that one of the brothers would handle the accounting associated with the commercial property. It turned out that the brother handling the commercial property converted some of the funds from the commercial building, and attempted to hide what he had converted through a second set of books and records. We sued for, among other causes of action, breach of fiduciary duty and fraud.