The plaintiffs brought an ex parte motion for a Mareva injunction against the defendants, alleging they were defrauded of substantial sums of money through fraudulent conduct and misrepresentations regarding mortgage investments, a property development project, and a family trust.
The court found the plaintiffs established a strong prima facie case of a premeditated fraudulent scheme, irreparable harm, and a serious risk of asset dissipation, particularly given the individual defendant's prior regulatory sanctions for fraudulent conduct.
The motion for a Mareva injunction was granted.
