Kyle Richards The Real Housewives of Beverly Hills - RHOBH

Kyle Richards’ Husband Mauricio Umansky Sued For $4.5 Million

Kyle Richards‘ husband, Mauricio Umansky, is facing more legal troubles in connection to the sale of a $32 million mansion in Malibu, CA.

According to The Blast, the Real Housewives of Beverly Hills husband is being sued by real estate agent Aitan Segal.

Segal represented a buyer who was looking to buy the $32M Malibu mansion. In new court documents, Segal says his client made a $40M offer on the property, but Umansky rejected it.

Segal claims, instead, Mauricio secretly worked with investors to purchase the property himself. The Agency owner later flipped the mansion for a considerable profit.

Now, Segal is suing Mauricio for $4.5M in damages for the lost commission on the property.

The drama surrounding the sale of this Malibu mansion has been ongoing for over a year. In 2011, the United States government seized the Malibu mansion from a man named Teodoro Nguema Obiang Mangue. Mangue allegedly used stolen funds from his home country Equatorial Guinea to purchase the estate.

Umansky then sold the property to a man named Mauricio Oberfeld for $32.5M. The United States Government approved the sale. However, Mangue later accused Umansky failed to disclose counteroffers and that he allowed the property to be sold at a lower price than it should have been. He also claims that Unmansky never revealed that he partnered with the buyer to purchase the property.

A year later, the RHOBH husband sold the property for $69.9 million; making a $37M profit. The home was also featured on season 7 of RHOBH when Mauricio and his wife Kyle threw a Great Gatsby themed party at the estate.

When the details of the sale were revealed, Sweetwater Malibu LLC, aka Teodoro Mangue, accused Umansky and his company of “breach of fiduciary duties and negligence” and demanded $8M.

As for Umansky, he denies all accusations made by Mangue. Umansky argues that the U.S. Government seized the house after it came to light that Mangue purchased the home with stolen funds.

Adding, “By suing Defendants and making unfounded and baseless allegations, Plaintiff repeats a strategy Obiang has used before unlawfully enriching himself by using shell companies to take money from innocent parties.”

Umansky then demanded the entire case be tossed out.

Last month, Umansky was sued by Sam Haskin, who alleges that he lost out on purchasing the property after his offer, which was well above asking price, was turned down. Haskin is seeking damages for Umansky’s “shocking misconduct.”

The Real Housewives of Beverly Hills will return to Bravo for season 10 in early 2020.

Thoughts on Mauricio’s latest legal drama? Sound off below!

Follow AllAboutTRH On Instagram.
Follow AllAboutTRH On Twitter.
Like
AllAboutTRH On Facebook.

Source: The Blast

About the author

Lara Sophia

Lara began writing for AllAboutTRH in October 2014. Lara is a born and bred Jersey girl, who loves blogging and currently writes a lifestyle blog: ChicandSequined.com Beyond blogging, Lara enjoys traveling, fashion, beauty, and gossip. Lara is excited to get in on the gossip and put her own spin on things.

Email: lara@allabouttrh.com | Phone: (248) 436-1663 Ext. 2 | "Write to Lara": AllaboutTRH.com Attn: Lara 3160 Ridgeway Ct. Commerce Twp., MI 48390