«Breaking News» Kyle Richards' husband Mauricio Umansky sued for fraud in $32m Malibu mansion deal

He's regularly featured on his wife's hit show The Real Housewives of Beverly Hills.

But Mauricio Umansky is in his own real-life drama after being recently slapped with a federal lawsuit over the sale of a $32million mansion in Malibu, according to The Blast.

The 48-year-old realtor and his company The Agency are being accused of fraud by Sweetwater Malibu LLC for 'earning secret profits' after Umansky sold the home to a man in 2016, only to flip the home and re-sell for $69.9million one year later.  

Trouble: Mauricio Umansky is in his own real-life drama as he was recently slapped with a federal lawsuit for the sale of a $32million mansion in Malibu, according to The Blast; seen with wife Kyle Richards in February

'This case involves brazen breaches of fiduciary duties by a high-end real estate broker and his firm the Agency, who were hired to sell a multi-million-dollar Malibu estate owned by Sweetwater,' documents said.

Mauricio was listed as the selling agent in 2015 after the 15,000-square-foot home was partially seized by the US government from Teodoro Nguema Obiang Mangue.

The son of the Equatorial Guinea president had used funds stolen from his country to purchase the home, in addition to several Ferraris and Michael Jackson memorabilia, according to The Real Deal. 

Home, sweet home: The 48-year-old Realtor and his company The Agency are being accused of fraud by Sweetwater Malibu LLC for 'earning secret profits' after Umansky sold the home to a man in 2016, only to flip the home and re-sell for $69.9million one year later

Views: The massive estate overlooks the historic Surfrider State Beach and was featured during season 7 of Real Housewives of Beverly Hills 

Umanksy reportedly sold the home to a wealthy investor named Mauricio Oberfeld for $32.5million in February 2016 and invested in the deal, before the pair flipped the house for double the profit in 2017. 

Sweetwater said that Umansky received much higher side-offers and also allegedly never disclosed he had partnered with the buyer to purchase the property. 

The documents list broker responsibilities and accuse Umansky and The Agency of having 'violated virtually every one of these duties, by engaging in blatant acts of self-dealing, earning secret profits, and both failing to disclose and outright misrepresenting material facts.'  

Party planner: Before the home was sold, Mauricio used the mansion as a venue

A separate lawsuit filed by Western World Insurance against Mauricio and The Agency claimed he had breached contract with the purchase, and requested the court order they didn't have to pay legal bills. 

He later counter-sued and accused the company of taking sides, and Umansky filed documents on Oct. 22 revealing that he had reached a deal with the insurance company and all claims were dismissed. 

The Malibu mansion is situated on a bluff above the famed Malibu Pier and has panoramic views of the Pacific Ocean.

Kyle and Mauricio hosted a Great Gatsby themed party at the compound during season 7 of the Real Housewives of Beverly Hills.  

A vision: Kyle and Mauricio hosted a Great Gatsby themed party at the compound during season 7 of the Real Housewives of Beverly Hills

Link hienalouca.com

https://hienalouca.com/2019/03/14/kyle-richards-husband-mauricio-umansky-sued-for-fraud-in-32m-malibu-mansion-deal/
Main photo article He’s regularly featured on his wife’s hit show The Real Housewives of Beverly Hills.
But Mauricio Umansky is in his own real-life drama after being recently slapped with a federal lawsuit over the sale of a $32million mansion in Malibu, according to The Blast.
The 48-year-old realtor...

It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves Celebrity News HienaLouca





https://i.dailymail.co.uk/1s/2019/03/14/17/10991650-0-image-a-21_1552583770066.jpg