California Real Estate Fraud Report

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17
Mar

Appeals Court Upholds $23 Million Award for Disabled Siblings Defrauded by Contractor

This month California’s Second Appellate District, Division Two, Court of Appeal upheld an award (case no. BC495095) of $21 million in punitive damages and $2.2 million in compensatory damages against building contractor Noam Bouzaglou, and his shell corporation, Ness Adam, Inc. for defrauding siblings Kathleen McGinty and Tim McGinty, in order to obtain their 1948 home in Santa Monica.

Kathleen suffers from autism and Tim (now deceased) from bipolar disorder, depression and substance addiction.

After their garage was red-tagged by the City of Santa Monica in 2010, they hired Noam Bouzaglou to do the repairs. A series of events and meetings that occurred between Bouzaglou, attorney Andrew J. Stern and the McGintys that resulted in the latter transferring their home to Bouzaglou.

Jeanne Haworth, the trustee after Tim McGinty‘s death, found out that the home was in escrow for $1.55 million and contacted the original estate planning attorney Joe Girard of LA Elder Law, who filed a lawsuit to stop the sale.

“If this sale had gone through, $1.55 million could have disappeared overnight,” said Girard. “Once we got the real estate under control of the judge, Jeanne and Kathleen had more security.”

Read the original article in PRWeb and on the LA Elder Law website.

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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