The plaintiff invested $145,000 in a non-existent company based on fraudulent representations by the defendant stock promoter.
The plaintiff obtained summary judgment against the promoter, his wife, and his corporation for fraud and unpaid loans.
On appeal, the Court of Appeal upheld the summary judgment for fraud against the promoter and the corporation, finding the promoter's self-serving affidavits and failure to produce supporting documents did not raise a genuine issue for trial.
However, the Court set aside the summary judgment against the promoter's wife due to insufficient evidence of her involvement, and against the promoter for the loans due to conflicting evidence.