The plaintiffs alleged that Maria Surovova and her company, Maria Mortgage Services Inc., engaged in a mortgage churning scheme, inducing the plaintiffs to take out a series of mortgages and transfer the proceeds to Surovova under the pretense that the funds would be applied to their mortgages.
Instead, Surovova misappropriated the funds for personal use.
The court found Surovova liable for civil fraud and breach of fiduciary duty, awarding the plaintiffs $1,666,059.13 in damages and $215,603.52 in costs.
