The plaintiff bank sued to recover $494,425 obtained by the defendant Vincenzo Storr through fraudulent credit card cash advances.
The plaintiff sought to trace the funds into the accounts of Vincenzo's family members and related entities, arguing they were subject to a constructive trust.
The court found that Vincenzo obtained the funds by fraud and that the family members who received the funds were liable under the doctrine of knowing receipt, as the circumstances ought to have put them on inquiry.
The court granted judgment against Vincenzo and the family members who received the funds, while dismissing the claims against the corporate entities.
