We are happy to report a $520,000 business fraud recovery! Here are details of the case.
Several years ago, Barthelette Law’s client invested $500,000 in a start-up Florida business venture. After making the investment, our client received no substantive updates from the founder of the start-up business venture and was otherwise left in the dark.
Realizing something wasn’t quite right, the client hired Barthelette Law to investigate and file a potential lawsuit. After investigating, Barthelette Law discovered a number of concerning facts, including that the promised business venture had not progressed at all.
We immediately filed a lawsuit and included a defendant who played a part in securing our client’s $500,000 investment.
Shortly into litigation, and after engaging in heavy discovery, we were able to enter a settlement agreement. However, the defendants did not abide by the terms of the settlement agreement and so we obtained a default final judgment against the defendants.
After obtaining the default final judgment, we engaged in post-judgment discovery and continued our efforts to recover our client’s investment. Ultimately, we were able to get our client $520,000, making our client whole.
Our client was extremely grateful for the recovery. Indeed, our client was rightly concerned the $500,000 investment would never be seen again.
Barthelette Law helps its business clients in a number of settings, including business fraud. If you were a victim of business fraud, contact us today!
Please note past results are not a guarantee of future results or recoveries.