Real estate loans go sour and senior woman blames long-time broker. $1.18 million. U.S. Eastern District Bankruptcy Court.
64-year-old instructs long-time realty broker/financial advisor to sell her rental properties; instead, he refinances properties and invests proceeds in real estate loans that go bad. $1.18 million verdict includes punitives.
- Case Name: Andre v. John Roe real estate broker
- Date of Verdict or Judgment: Friday, March 21, 2014
- Type of Case: Breach of Fiduciary Duty, Elder Abuse, Fraud