Things are not looking great for the women of Beverly Hills! Yesterday we reported on Dorit’s legal drama (for original story click here) and now Kyle Richards and her husband are in the news for legal drama.
According to Yahoo Entertainment, Mauricio Umansky suffered a recent setback in the legal battle accusing him of fraud over the sale of a $32 Million mansion. If you recall, Mauricio sold the mansion to a man named Mauricio Oberfeld for $32.5 million. All seemed fine until the seller accused Mauricio of neglecting to inform him that Umansky had also received significantly higher side-offers. In addition, Mauricio is accused of never disclosing that he had partnered with the buyer to purchase the property then re-selling it for $69.9 million a year later, at a profit of $37 million.
So why is this back in the news? Well, unfortunately for Mauricio, a judge recently ordered that the legal dispute can move forward, despite Mauricio’s team attempting to get the case dismissed. According to the judge, the lawsuit has presented enough evidence at this point to allow it to continue, which isn’t great news for Mauricio and his company.
Further complicating matters is the fact that the mansion in question has been seized by the U.S. government from Teodoro Nguema Obiang Mangue, who allegedly used funds stolen from Equatorial Guinea to purchase it. According to Mauricio’s defense, the lawsuit was just an attempt to take back the proceeds that were forfeited to the United States, thus the request to dismiss the case.
The mansion is famous for other reasons as well as it was the backdrop for the Great Gatsby party which many of the ‘wives attended.
While this in no way means that Mauricio or The Agency had any wrongdoings, it certainly isn’t great news for him or his team as legal battles can get very messy (and expensive.) Kyle is heard defending her husband during the RHOBH reunion so stay tuned!