Romspen Just Got Spanked By The 3rd DCA In Weiss Fraud Case. This Is Going To Hurt The Canadian Lender In More Ways Than One!
The 3rd DCA in Miami just spanked Romspen after their lawyer gave a horrific performance in oral arguments on September 5, 2023
Yes, you read that right. Romspen just got spanked hard by the Florida 3rd DCA in Miami in the Caroline Weiss fraud case. Now, Romspen and their investors are out $21 million. This is also going to hurt them in more ways than one.
Namely, Romspen will have to deal with pissed off investors gave them money. Investors are going to be demanding answers from Romspen about why they threw $21 million at an inexperienced geriatric real estate investor. An investor who was in the middle of a lawsuit from her daughter accusing her of real estate fraud.
Seriously, who throws $21 million at an inexperienced geriatric real estate investor being sued for fraud?
It also didn’t help Romspen that their high priced “super” lawyer Dean Morande choked during oral arguments on September 5th, 2023. You can see Dean Morande choke during his argument.
This is going to hurt Romspen almost as bad as when they loaned $54 million to trio of Colorado stoners to finance a cannabis business. Only for the stoners to default on the loan and disappear.
A Florida Court Finally Realizes Caroline Weiss Committed Fraud
Romspen threw $21 million at an inexperienced geriatric real estate developer being sued for fraud.
After 7 years, a Florida court finally saw the obvious real estate fraud committed by Caroline Weiss against her daughters. The 3rd DCA in Miami finally saw the fraud. The appellate court reversed the trial court’s summary judgment ruling in favor of lenders.
The 3rd DCA reversed a Miami trial court’s summary judgment ruling in favor of Romspen in favor of Weiss’s daughter Adeena.
This ruling means Canadian lender Romspen got bitch slapped and bitch slapped hard. As a result, this means Romspen’s lien on the contested properties is now void and they could very well just lost $21 million.
The 3rd DCA ruled that it was obvious Caroline Weiss committed fraud to obtain the properties. The appellate court also stated that the lenders who loaned Weiss money should have known Weiss committed real estate fraud before giving her the money. This, of course, includes Romspen.
The three judge from 3rd DCA wrote in their order:
Under Florida law, a deed procured by fraud in the execution is void. Equally axiomatic is that a forged mortgage is a legal nullity. Consequently, “[a] forged deed provides no protection to those claiming under it.” Against these principles, we conclude the dueling summary judgment allegations created material and triable factual issues. Accordingly, we reverse and remand the orders under review for further proceedings not inconsistent herewith.
Romspen now finds themselves in a dire predicament in more ways than one! So, grab the popcorn because Wesley Roitman’s job is now on the line!
This Article Originally Appeared on MFI-Miami.
Read More About Romspen On MFI-Miami:
Will A Romspen Super Lawyer Cost Romspen $21 Million?
Canadian Commercial Lender Romspen Gave 3 Colorado Stoners $54 Million
Romspen Threw In The Towel On Uphill Foreclosure Fight
Romspen Investors Are Mad As Hell And Want Their Money
Canadian Lender Romspen Is Withholding Partial Redemption Payments
Romspen Investment Corp. Sues Fake Real Estate Tycoon
Miami Developer Caroline Weiss Accused Of Multiple Counts Of Fraud
Romspen Sued For $21M In Miami Real Estate Fraud Case
Check Out These Government Websites If You Feel You Are A Victim Of Investment Fraud By Romspen.
Filing A Complaint In Canada:
Contact The Canadian Investment Regulatory Organization (CIRO) At 1.877.442.4322 For More Information. You Can Also Email Them At complaints@mfda.ca
If That Doesn’t Work, Contact Deputy Prime Minister And Finance Minister Chrystia Freeland:
You Can Also Contact Her Office On Parliament Hill At 613.992.5234 Or Her Office At Her Toronto at 416.928.1451.
If You Are An American Citizen. Contact These Federal Agencies:
You Can File A Complaint With The Securities And Exchange Commission By Clicking Here.
Also, You Can File A Complaint With The Federal Trade Commission By Clicking Here
In Addition, You Can File A Complaint With FINRA By Clicking Here
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