The plaintiffs brought a motion for a Mareva injunction against the defendants, alleging they were defrauded of over $800,000 CAD/USD through a fake investment scheme.
The defendants allegedly promised to invest the funds in options, futures, or forex, but instead diverted the funds and ceased communications.
The court found the plaintiffs established a strong prima facie case of fraud, conspiracy, breach of trust, breach of fiduciary duty, knowing assistance, and conversion.
The court granted the Mareva injunction, finding a serious risk of asset dissipation.