In a landmark legal victory, GGB successfully represented a group of 89 elderly investors in a complex Ponzi scheme and fraud case against a hard money lender and its principal. The case spanned 55 days of intensive jury trial proceedings and resulted in a substantial recovery of over $12 million in damages, including punitive damages.
Our dedicated Litigation team meticulously prepared for the case, conducting thorough investigations and gathering essential evidence to expose the fraudulent activities of the defendants. The trial was a rigorous process, involving detailed presentations of the evidence and strategic arguments to demonstrate the extent of the fraud perpetrated against our clients.
Throughout the trial, we showcased the significant financial and emotional impact that the Ponzi scheme had on the elderly investors. Our persuasive arguments and compelling evidence resonated with the jury, leading to a unanimous verdict in favor of our clients.
The jury’s decision to award both compensatory and punitive damages underscored the egregious nature of the defendant’s actions and provided a measure of justice and financial relief to the victims of the scheme.
