Ibiza condo developer FRAUD verdict in Civil Court. Plantifs awarded $200,000 -- AGAINST parent company RMRW, LTD.By Anonymous Indymedia User on 25 May 2012
Judgement was against the now parent company RMRW, Ltd of the bankrupted developement company Apex Realty, Inc. NOT the individual plantifs (Rajesh Lahoti, Michael Council, Ray Brown and Wilbur Ischie). This means that the fraud judgment probably won't be following the individual defendents in future businsess endeavors.
The awarded amount plus expected recoverable amount of deposit moneys from the banckrupcy of the condo development entity, Apex Realty, Inc. , together will meet the total amount of deposits but will not encompass legal fees nor for the damages/duress of the plantiffs over the last four years of this drawn out battle.