Mauricio Umansky Fights Against Fraud Lawsuit Amid Legal Battle & Trial Over $32.5M Mansion
Buying Beverly Hills star, Mauricio Umansky, is in the middle of a messy, legal battle over the sale a $32.5 million Malibu mansion he made seven years ago. The husband of Real Housewives of Beverly Hills star, Kyle Richards, is accused of defrauding a potential buyer of the mansion in December 2015.
As reported, The conflict began in 2019 when Mauricio was sued for fraud over the sale of a $32 million Malibu property. The Bravo personality and his firm, The Agency, were sued by the former owner of the mansion after Mauricio was enlisted by the government to sell the home after it was seized from an individual named Teodoro Nguema Obiang Mangue. Mangue is the son of the president of his native country, Equatorial Guinea.
The ex-owner agreed to turn over $10 million of the sale’s proceeds to pay a U.S. government fine after he was accused of using funds pilfered from his home country. Mauricio sold the property to a man named Mauricio Oberfeld for $32.5 million after the deal was approved by the government. The former owner then accused Kyle’s husband of failing to disclose that he was purchasing the home in a partnership with Oberfeld. The pair went on to sell the home for $70 million, pocketing a profit of $37 million.
Mangue accused Mauricio of withholding information about higher offers that came in during the marketing process, in order to profit from a later sale....
In the rainforest-covered province of Tshopo in northeastern Congo, fear began with whispers. Late last year, villagers circulated alarming stories that a mysterious illness was causing men’s geni...