It’s not a good month for the husbands of the Real Housewives franchises! First, Real Housewives of Atlanta‘s Peter Thomas spent a few days in jail because of alleged check fraud, then Real Housewives of New Jersey‘s Joe Giudice was taken into ICE custody after being released from prison. Now, Mauricio Umansky, married to Real Housewives of Beverly Hills star Kyle Richards, is facing a legal battle of his own. According to court documents obtained by In Touch, the Bravo star is being sued for a laundry list of complaints including “breach of settlement agreement & order,” “breach of fiduciary duties,” “statutory violations,” and “intentional fraud” among others.
“This case involves brazen breaches of fiduciary duties by a high-end real estate broker and his firm [UMRO Realty Corp], who were hired to sell a multi-million-dollar Malibu estate owned by [Sweetwater Malibu CA, LLC],” claim the documents filed on Wednesday, March 13. “[Umansky and UMRO] violated virtually every one of these duties, by engaging in blatant acts of self-dealing, earning secret profits, and both failing to disclose and outright misrepresenting material facts.” The suit cites the sale to a man named Mauricio Oberfeld, one of UMRO’s other partners, as part of its main complaint.
“As a result of Defendants’ flagrant breaches of their fiduciary, statutory and contractual duties, Oberfeld was able to purchase the property for less than $32 million, well below its potential price, and to sell it less than a year later for almost $70 million, resulting in massive profits that Oberfeld shared with Defendants,” the docs continue. “By the time Umansky persuaded Sweetwater to accept Oberfeld’s offer at $33.5 million, he was already secretly discussing sale of to a third party for almost $10 million more.”
In response, Sweetwater is asking for “damages in an amount to be proven at trial; for disgorgement of profits; for punitive or exemplary damages according to proof; for costs of suit; and for such other relief as is deemed appropriate at trial.” They’re also demanding a jury trial rather than a bench trial where a judge hears the case and makes a ruling. Though Richards has yet to make a statement regarding the case, she’s been pretty busy lately with drama of her own.
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