Civil ActionsCivil Litigation

Ayala Represents Group of Investors Defrauded in a Two-Million Dollar Personal-Protection-Equipment Scam

By March 12, 2021 May 21st, 2021 No Comments

Ayala filed a complaint on behalf of a group of investors defrauded by a group of purported Personal Protection Equipment (PPE) distributors/experts.

The Complaint alleges that Apex Distribution LLC, and its partners (lead by Defendant Hector Alvarez) conspired to induce Plaintiffs to invest two million dollars in a PPE scam.

As stated in the Complaint, Alvarez stated that “he and his company Apex had vast experience and connections involving the procurement and purchase of PPEs, including Gloves; (ii) he and Apex had transacted and consummated PPE sales and purchases; (iii) he and Apex had partnered with USANMAZ 4G, presumably a Glove manufacturer in Asia for the purpose of procuring Gloves; (iv) he and Apex had partnered with Emirates (an airline) for the purpose of providing commercial air freight and logistics and that for the same purpose, he and Apex had entered into charter agreements with FedEx and UPS; (v) Apex had various contracts with various U.S. local and state governments and the U.S. federal government (“Government Clients”) wherein the referenced entities were committed to purchases of Gloves exceeding 10 million boxes of Gloves per week; and (vi) he, Apex, and his partners, Barnes and Jones, had garnered more than 52 million dollars from investors to finance Glove purchases from a manufacturer.” Complaint at ¶17.

The Complaint further alleges that, after numerous demands for an accounting of the funds and the return of the same, Defendants gave bogus reports in an effort to delay plaintiffs declaring a default under the terms of the Joint Venture Agreement priorly signed.

Plaintiff filed a Complaint for Breach of Contract, Fraud, Accounting, Fraudulent Inducement, Negligent Misrepresentation, Conversion, and conspiracy to Commit Fraud, among others.

The Complaint was filed in the US Southern District of Florida, case # 1:21-cv-20975. Honorable judge Beth Bloom was assigned to the case.

The Complaint can be found here: 1 – Complaint

For more information about our complex litigation practice email attorney Eduardo A. Maura at Eduardo@ayalalawpa.com or call 305-570-2208.

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