Urban Commons defrauded investor out of $1M in hotel venture: lawsuit

总部位于纽约的有限责任公司指责洛杉矶开发人员接受资金,然后在从未发生交易时保持沉默

betway精英版 /
Oct.十月11, 2021 04:30 PM
原告投资了100万美元,以换取一家酒店投资组合 - 但从未收到他的一部分协议(Getty)

这plaintiff invested $1 million in exchange for a portfolio of hotels – but never received his part of the agreement (Getty)

麻烦继续为总部位于洛杉矶的Urban Comps瓦格纳酒店and former operator of the RMS Queen Mary in Long Beach, California.

In a lawsuit filed Thursday in Los Angeles bankruptcy court, New York-based LLC Berritto Enterprises accused the developer and two of its executives of accepting a $1 million investment for a hotel venture, then making off with the funds after the deal fell apart.

这plaintiff’s identity is not disclosed in the complaint, though Berritto Enterprises is registered to the Long Island address of Frank Berritto, a retired banking executive.

诉讼称,一月份,原告被介绍给城市公地高管,被告泰勒·伍兹(Taylor Woods),他提出了Berritto Invests Sky Holdings的Invest,这是一家有限责任公司,该公司将从Eagle Hospitality Trust上获得18个遇险酒店的投资组合 - 一家新加坡Reit,这是一家新加坡REIT,该公司拥有的,该公司拥有的是该公司看到了自己的litany of financial troublesduring the pandemic.

这lawsuit alleges that Berritto deposited the $1 million in funds, at Woods’ direction, into a Sky Holdings account in February.

But the acquisition never came to fruition, according to the suit. Instead, Woods continued to lead Berritto on by saying that the deal would close “in a few weeks.” Berritto again contacted Woods in April, the lawsuit alleges, at which time Woods assured that the deal was expected to close in mid-May.

In July, Berritto asked for a refund on the $1 million investment, pursuant to the terms of the parties’ earlier agreement. Following the request, Berritto stopped hearing from the defendant, according to the suit.

诉讼称,这笔钱被转移到与“城市房地产”有关的单独帐户,违反了协议。

投诉指出:“被告首先建立了一项投资计划,其中唯一保证了安全且有利可图的回报。”

Urban Commons Executive Howard Wu is also listed as a defendant in the case. Plaintiff Berritto Enterprises is seeking the return of its $1 million investment, as well as attorneys’ fees and further relief as determined by the court.

Neither party could be reached for comment. A lawyer for Berritto did not respond to a request for comment.

Berritto Enterprises is not the only spurned partner accusing Woods and Wu of wrongdoing.

“No two individuals bear more responsibility for the events leading to the debtors’ Chapter 11 cases than [Urban Commons’] Woods and Wu,” the lawyers for trustees of Eagle Hospitality Trust wrote in a court filing as part of EHT’sbankruptcy proceedings今年早些时候,他们指控两人“反复滥用他们作为城市公地和[房地产投资信托公司]的内部人士的立场。”

伍兹和吴拒绝了这些主张,指责EHT的受托人进行“涂片运动”和“毫无根据的女巫狩猎”。





    相关文章

    arrow_forward_ios
    Nelson Lee and Eric Anton of Marcus & Millichap (REBNY)
    卡拉OK和蜜蜂:Marcus&Millichap赢得了Rebny的“最巧妙的交易”
    卡拉OK和蜜蜂:Marcus&Millichap赢得了Rebny的“最巧妙的交易”
    劳伦斯·奥曼斯基
    Notorious attorney to lose Tribeca duplex
    Notorious attorney to lose Tribeca duplex
    betway精英版纽约市市长埃里克·亚当斯(Eric Adams必威betway注册必威精装版App西汉姆联
    纽约大学最新起诉SOHO重新分区
    纽约大学最新起诉SOHO重新分区
    New York Lieutenant Gov Brian Benjamin (Getty)
    州长布莱恩·本杰明中尉在房地产捐助者丑闻中辞职
    州长布莱恩·本杰明中尉在房地产捐助者丑闻中辞职
    betway精英版纽约中尉州长布莱恩·本杰明(盖蒂,伊斯托克)
    州长布莱恩·本杰明中尉在丑闻中被捕,涉及房地产投资者
    州长布莱恩·本杰明中尉在丑闻中被捕,涉及房地产投资者
    从左开始:SL Green的Marc Holliday,Natixis的FrançoisRiahi和Maefield Development的Mark Siffin
    20时广场的噩梦:Maefield的Megaproject的灾难内
    20时广场的噩梦:Maefield的Megaproject的灾难内
    Terzi files last-minute bid to stave off Soho foreclosure
    Terzi files last-minute bid to stave off Soho foreclosure
    Terzi files last-minute bid to stave off Soho foreclosure
    Steven Croman and 740 Broadway Avenue (Getty, GFP Real Estate)
    史蒂夫·克罗曼(Steve Croman)被指控僵硬的房东,解决了案子
    史蒂夫·克罗曼(Steve Croman)被指控僵硬的房东,解决了案子
    arrow_forward_ios

    Deal's新闻通讯为您提供最新的勺子,新鲜的头条新闻,营销数据以及行业内有关的知识。

    加载……