Originally published in The Georgia Trial Reporter (157866) Gwinnett County
Verdict:
$825,000_______. Breakdown: $300,000__ for fraudulent inducement;
$400,000___ in punitive damages; and $125,000 in attorney fees) against
Defendant ,Chukwuemeka Ngenegbo and against Defendant Infinity
Investments Group for breach of contract. Defense verdicts were entered
on defendants' counterclaims. - Fraud Claim Results in Punitive Damages
Award
Originally published in The Georgia Trial Reporter (157866) Gwinnett County
Facts:Plaintiff
claimed a real estate fraud scheme concocted by defendants cost him
hundreds of thousands of dollars. Defendants counterclaimed for damages
of their own for tortious interference. The jury returned a verdict of
$________ in favor of plaintiff. Defense verdicts were entered on the
counterclaims. Plaintiff _______ _______ became involved
with Defendants ________ ________ and ________ ___________ _____, in a
business deal to make improvement on three residential homes, renovate
and resell them for a profit. The houses were worth approximately
$________. Plaintiff claimed defendants, acting as broker, made
approximately $________ in improvements to each of the homes, charged
him $________ for the improvements and then resold the residences for
approximately $________. Plaintiff was to get a portion of the profits.
Plaintiff
alleged that defendants had the houses appraised for in excess of their
real values and obtained mortgages on the overvalued houses. Plaintiff
was then left with huge mortgages on houses that were greatly
overvalued. Each time, plaintiff claimed he was talked into reinvesting
the profit in another house, but ultimately was unable to sell the house
at the overinflated prices. Plaintiff received little or no payment on
his investments and filed suit for same. Plaintiff alleged breach of
contract, fraudulent inducement and unjust enrichment against both
defendants. He sought compensatory and punitive damages, in addition to
attorney fees. He claimed this was a scheme hatched by defendants to
defraud him and that defendants had no intention of returning profits or
realistically being able to sell the property.
Defendants denied all allegations and counterclaimed
for tortious interference with business relationships.
Alleged Injury:
Breach of contract, fraudulent inducement and unjust enrichment.
Plaintiff sought $________ in compensatory damages for real estate
losses, tax liability, and damage to his credit, including increased
capital costs.
Jury Deliberations: 5 hours
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Verdict: $750,000 - Man Whose Friend Destroyed His Credit Receives Default Judgment
Facts: A fraudulent mortgage loan transaction involving long time
friends resulted in a $750,000 default judgment against three
defendants. Plaintiff alleged defendants fraudulently and by
misrepresentation obtained a mortgage loan contract on a home using his
personal information and credit rating without his knowledge or consent.
As a result of the defendants' fraud and misrepresentation and their
failure to pay the mortgage payments, plaintiff's credit rating
plummeted and his credit cards were canceled.
This
is a story about an individual who makes a living from identity theft,
mortgage fraud, bank fraud and cheating people. Kassim preys on people
who are close to him and trust him. He brings you close makes you trust
him, then he rips you off and disappears. This is a man without a
conscience, a man without a soul, a man consumed by greed and lust for
money. He is a smart man but not smart enough to con strangers, Only
close friends and family. All the information on this site is
accurate.
There are several known fraudulent companies that he created:
Most are Florida LLC's and can be found by searching the Florida business site under Kabiru Kassimand his wife, name (withheld).
NOTE: These were supposed to be investment properties in the state of Georgia.
Victim #1- Background: Retired lady of 70 years
Purchased
5 individual homes through Kassim in Gwinnett county under the premise
that he would support them (make up the difference in rent and mortgage
payment) When this was not working as planned, Victim #1 confronted him
and decided it would be best to find another solution. After a while,
Kassim approached her with a company called A.I.A LLC, Acquisition InvestmentAlliance which was supposed to be a group of African investors willing to purchase these homes as long as they purchasedsome
other condo’s by lake Oconee and some less expensive condo's (LIES
THERE WERE NO AFRICAN INVESTORS). He promised to cover closing costs as
well as payments and management. Somehow he was able to get all of these
appraisals extremely high in comparison to what the homes were worth,
He then pocketed the difference, and disappeared on
everyone. (Oconee homes were purchased for $250k, he pocketed over $80k
each x 10 properties= $800,000). Information obtained from documentation
prepared by Kassim and Neal Landers for the Oconee homes.
Out
of the 10 homes in Oconee he put 5 of them in victim #1's name and he
pocketed $400,000. Then he sold the other 5 to his mother in-law and
pocketed another $400,000, However our investigation shows that he had
an arrangement with his mother in-law. Now all these homes have
foreclosed destroying victim #1's credit, he disappeared and never paid
the mortgages. The properties in his mother in-law's name also
foreclosed. However she is not mad at him because he settled her and she
is actually his bank. He told her he will take care of her for as long
as her credit is bad. So they were in business together, if she wasn’t
aware she would be pissed at him so will his wife! However he told
victim 1 to go F**k herself.
We discovered that he was also able
to con money out of the people who owned the initial 5 homes he
purchased for amounts between $20k - $40k for
his fees that no one heard about prior to these deals. He forged their
signatures on a power of attorney to get the money from the bank.
Somehow
this man was able to approach Victoria Heights condominiums and sold
his concept to them. They decided to stop all of their advertising at
his request ($95,000 advertised online (MLS) and in several
publications), and signed an agreement with him prepared by his attorney
Neal Landers. He was also able to convince an appraiser to appraise
these properties for more than they were worth. Everyone wants to deny
any wrong doing. He sold 9 of these properties to victim #1 and her
friend, victim #2 also a retiree who is also over 70 years old at
$135,000. Pocketed a difference of $30,000 X 9 properties= $270,000.
Total
on victim #1 and #2: $400,000 + $270,000= $670,000. Add the $400,000
with his mother-in law who is privy to the deal = $1,070,000
Victim #3 and #4 cousin to his wife and friend of cousin
Told
her and a friend to come purchase the Victoria Heights condos for
$135,000, They Purchased 9. Same deal he walked away with approximately
$270,000 on this deal too. Then he told the wife’s cousin that he
wanted to go to medical school in Aruba but he needed money proposing
that she buy his house from him and in 2yrs he would buy it back from
her. Again he got a fake appraisal and sold it to her for $530,000, when
real value was $390,000. walked away with another $140,000. Furthermore
he stole her identity and borrowed another $44,000 in student loans in
her name to go to medical school and forged her signature on a power of
attorney to get the money from the bank.
Total Fraud on this victims #3 and #4 $440,000 give or take
Friend for over 15yrs. Victim #5: Looked
after him when he was sick with cancer during the summer of 2007 at
Emory university Hospital in Atlanta. Changed his bed pans, fed him, and
took him to his radiology treatment. He pulled the same deal and sold 4
condos to him at $135,000 walking away with $136,000.
Total Stolen from Victim #5= $136,000
Total from all victims we are aware of = $1,646,000
Time span of fraud= 1yr
Kassim
planned this out properly and unfortunately for him, God had another
agenda in place. This scam was planned to rip all these people off and
disappear to Aruba for medical school for 2yrs and then file for
bankruptcy so hopefully he would walk away a free man. This whole scam
would not have worked without the help and knowledge of NEAL LANDERS,
the closing attorney on all this deals. The banks pay him to disburse
the funds and he pays Kassim the proceeds.
The
full details of the acquisition and number of the properties where not
fully disclosed to the victims until it was already on their credit. He
also capitalized on the power of attorney the victims signed. Somehow
Kassim was able to make sure he had the closings done quickly and in
some instances made the victims sign multiple times under the pretence
there were some typos on the initial agreement, But in actual fact that
was the way he was able to scam his victims. The HUD’s for the
properties were never given at closing because there was always a typo
or there were some additional documentation required. Getting HUD
documents from Kassim or his attorney Neal Landers was like beating a
dead horse.
He
did not plan for the return of this brain tumor, which forced him to
return to Atlanta from Aruba to seek treatment. He has spent, and will
continue to spend hundreds of thousands of dollars on medical treatment
until every dime plus interest he stole from these victims is accounted
for.
He
has no property in the United States by design, neither does his wife.
He has no bank account in his name. Our investigation shows the money is
hidden in Nigeria where he is building a 50,000,000 million Naira home
($400,000). Has at least 10 cars in Lagos, Nigeria. He has bought a car
for every family member. They are all Japanese (American specification
vehicles). The way he laundered the money is by buying dozens of cars
and shipping them to Lagos monthly.
Whatever
money he has remaining is with his wife, mother in-law, and wife’s
grandmother. Most of the money is hidden in their accounts. He also
makes use of storage facilities and loves to keep cash at home.
Kassim AKA Ay the baller. He loves the following:
Mercedes- Changes his and the wife’s every couple of years.
Watches- Has dozens of them running into the hundreds of thousands
Shoes- fetish but never gets to wear them.
Women-
Stripers he is known throughout Atlanta and Miami area as an addict.
Goes there weekly spends thousands per visit. On one occasion he had
visitors from Nigeria and he spent $5,000 that night alone.
Flying in women 1st
class for his entertainment from all over the world. When he moved to
Aruba he flew them in regularly from all over the Caribbean and South
America.
This
website is dedicated to him and to warn anyone that may have any kind
of financial dealings with him to beware. We promise you that if he has
not ripped you off already he plans to and he will. This man has never
worked a day in his life in the United States and does not intend to. He
has been scamming for over 10yrs from his days in Miami and South
Floridawhere he started with bank fraud, postal fraud and
rumor has it the postal inspectors in south Florida were looking for
him at some point, and now to Atlanta Georgia. Kassim was a mortgage
broker for a couple of years till this big scam, after which point he
closed down shop.
Kassim
has a habit of destroying people’s reputation just so that he can
seek pity from others. But in actual fact he is the brains behind it
all. Kassim is good at telling tales to make him self look good, he is
never in the wrong. When confronted by the known victims, kassim being
the scam artist that he is, again successfully sold them more bullsh*t
and then politely asked everyone to go F**k themselves.
This
2874 square foot condo home has 3 bedrooms and 3.5 bathrooms. It is
located at 7325 Village Creek Trce Atlanta, Georgia. The nearest schools
are Woodland Elementary School, Chamblee Middle School and North
Springs High School.
BEWARE
IF YOU HAVE DONE ANY BUSINESS WITH THIS MAN, YOU MIGHT WANT TO SEEK THE
HELP OF AUTHORITIES. ALSO IF YOU ARE CURRENTLY DOING BUSINESS WITH HIM
OR THINKING ABOUT DOING BUSINESS WITH HIM, YOU MIGHT WANT TO THINK
AGAIN. UNFORTUNATELY THESE ARE THE ONLY KNOWN VICTIMS AND WE BELIEVE
THERE ARE OTHERS OUT THERE LOOKING FOR THIS SCUM.
THERE
IS PLENTY OF PROOF (WITNESSES AND PAPERWORK) TO BACK ALL THESE
ALLEGATIONS, BUT UNFORTUNATELY IT WILL ONLY BE SHARED WITH LAW
ENFORCEMENT AGENCIES FOR LEGAL REASONS, HOWEVER IF YOU HAVE ANY
QUESTIONS OR CONCERNS, PLEASE EMAIL US AT:BEWAREKABIRUKASSIM@....
WE
SPENT A LOT OF TIME INVESTIGATING THIS SCAM ARTIST AND WE INTEND TO
CONTINUE. OUR DUTY IS TO INFORM THE PUBLIC OF THE KIND OF PERSON HE IS,
PLEASE DO NOT BUY INTO HIS SELF PITY BASED ON HIS MEDICAL CONDITION. OUR
DUTY IS TO PREVENT KASSIM FROM SCAMMING OTHER INNOCENT PEOPLE.
7345 Village Creek Trc Atlanta, GA Find on map >>Owner:
JONATHAN KILPATRICKLand value: $45,600Building value: $359,800Total
value for property: $405,400Assessments for tax year: 2009Building area:
2,760 square feetLand area: 1,359 square feetProperty class:
Residential Vacant LotLand use: Single Family Residential
TownhouseNumber of stories: 2Exterior wall:
StoneBasement: FullHeating: Heat PumpFuel: GasHeating system: Warm
AirAttic: NoneYear property was built: 2002Grade: A-Total number of
rooms: 8Number of bedrooms: 3Number of family rooms: 1Number of full
bathrooms: 3Number of half bathrooms: 1Recent sale: $390,000
(05/22/2008)Sales:
Date: 09/30/2002Price: $0Old owner: KABIRU A KASSIMNew owner: KABIRU A
KASSIM & ANOLI O
Date: 09/30/2002Price: $0Old owner: MC NAIR AND COMPANY OF GANew owner:
KABIRU A KASSIM
Date: 09/08/2006Price: $549,900Old owner: KABIRU A KASSIMNew owner:
YINKA S JACKSON
Date: 05/22/2008Price: $390,000Old owner: YINKA S JACKSONNew owner:
JONATHAN KILPATRICKRead more:
http://www.city-data.com/fulton-county/V/Village-Creek-Trc-5.html#ixzz0wPugYTDi
--- On Fri, 10/29/10, Eagle Eye News Reports <eagleyereport@...> wrote:
From: Eagle Eye News Reports <eagleyereport@...> Subject: [asa-united] Re: Fw: ATLANTA, USA: NIGERIAN MORTGAGE FRAUD RING LEADER FOUND GUILTY IN COURT To: dshaikh@... Date: Friday, October 29, 2010, 3:00 PM
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