California Real Estate Fraud Report

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27
Oct

Two Sonoma Developers Lose Civil Suit in Elder Financial Abuse Case

Two well-known Sonoma County developers have been found liable in an elder financial abuse lawsuit that involved redrawing the property lines of a married couple.

The dispute arose out of a disagreement in which the elderly couple, Joseph Bonfigli, 83, and his wife, Helen, 78, accuse Alan Strachan and Michael D. Smith, the President of Argonaut Constructors of taking a portion of their land for one of their developments almost 10 years ago.

Each defendant must pay $300,000 for financial elder abuse, with an additional award by the jury for $48,000 in punitive damages against Alan Strachan. Strachan could also be liable for another $535,000 in damages for “civil fraud by deception, false promises or misrepresentation,” but that claim is in dispute by the two parties.

Read the original article in the Santa Rosa Press Democrat.

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