TWO-FACED LAKEWOOD PONZI SCHEMER INSISTS HIS VICTIMS GO TO BAIS DIN, THEN HE RUNS TO COURT TO TOSS THE PSAK

As first reported here on FAA News, a Lakewood based company is involved in a massive ponzi scheme affecting numerous Lakewood area residents, as well as investors from across New York, New Jersey, and Ohio.

There are multiple civil lawsuits filed against these schemers. Most of the victims were duped regarding the schemers failed investment in nursing homes in Iowa.

The schemers have a history of demanding their victims adjudicate their claims in Bais Din instead of in court.

So, one of the victims agreed and adjudicated his claim of over $1 million in Bais Havaad.

The Bais Din ruled in favor of the plaintiff-victim.

After the scammer didn't pay the judgment, the plaintiff-victim filed a motion in Superior Court to confirm the psak.

The scammer responded by claiming that the arbitration agreement is not enforceable in a court of law and therefore the court must vacate the psak!

"His application is fatally defective for failing to establish that the so-called arbitration award was issued pursuant to a binding arbitration agreement which covered the subject matter of the issue that the Purported Award claims to decide.

"Before confirmation of the Purported Award can be made, this Court must consider whether the parties agreed to arbitrate the specific dispute at issue, and, if they did, whether the so-called arbitration agreement was nonetheless ineffective," the motion opposition argues.

The motion is returnable before Judge Valter Must next Friday, December 6, 2024.

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