The plaintiffs brought a motion for default judgment against Gonzalo Raul Aguiar Gadea (now his Estate) and A.D. Group of Companies Inc., alleging significant and prolonged fraud related to investments in the cannabis industry in Uruguay.
The defendants had failed to file proper defences and comply with previous court orders, including a worldwide Mareva injunction and asset declarations.
The court granted partial default judgment against the Estate of Aguiar and A.D. Group for misappropriated funds, finding a strong prima facie case of civil fraud, conversion, and unjust enrichment.
The Mareva injunction was continued against the Estate and other defendants, as further claims and tracing of funds remained outstanding.
