Mr. Buus Obtains $10 Million Judgment Against Scamming Real Estate Salesperson
A real estate salesperson, Lisa Mahoney, scammed numerous people in a Ponzi scheme. Mr. Buus represented many of those victims in a lawsuit alleging fraud and breach of fiduciary duty, claiming total losses of over $3 Million plus punitive damages. These victims obtained a judgment against Lisa Mahoney in the Los Angeles County Superior Court in the total sum of just over $10 Million. Shortly thereafter, Lisa Mahoney was sent to a federal prison to serve a four-year sentence. Collections in these types of cases can be difficult, but not impossible, and Lisa Mahoney's victims are arduously pursuing the return of their money. "She will be held accountable. Given their determination, these victims will track her and her money for the rest of her life, much like the Goldmans continue to track O.J." Mr. Buus commented. A Ponzi scheme is generally one where the perpetrator takes a victim's money with promises of high returns in short periods of time, only to use that money to repay other investors and to enrich their own lives. There are usually little to no actual investments involved.
October 15, 2010 | Los Angeles, California