We recently filed a federal lawsuit in the Middle District Court of Florida on behalf of several investors and their nonprofit organization, arising from an alleged investment scheme initially presented as a fundraising initiative for a religious-community project. The complaint explains how the project’s leader and other co-conspirators solicited large investments for a project purportedly aimed at mass bidding on state-funded lotteries using an alleged proprietary statistical method.
The investors were told that the project would both generate profits and provide financial assistance to elderly members of a religious community. Based on these representations, the investors contributed hundreds of thousands of dollars towards the venture. However, the promised project never materialized, and despite repeated demands for repayment, the funds are still missing.
This lawsuit implicates claims for breach of contract, civil theft (under Florida law), conversion, and unjust enrichment. We are committed to recovering our client’s investment, as well as deterring similar schemes taking advantage of those who are actually attempting to help their community
This case serves as an important reminder that purported charitable or religious affiliations do not excuse compliance with fundamental legal obligations governing investments, fiduciary responsibilities, and the handling of entrusted funds.
If you are dealing with a business dispute, investment dispute, ongoing civil litigation, or arbitration, contact one of our experienced attorneys at 305-570-2208.
You can also contact our team directly at: arianna@ayalalawpa.com
Schedule a case evaluation online here.
[The opinions in this blog are not intended to be legal advice. You should consult with an attorney about the particulars of your case].
Subscribe to Our Blog
Stay informed with our latest blog posts delivered directly to your inbox. Gain valuable legal insights, tips, and advice from our seasoned attorneys.
