RESULTS

$3,800,000.00
Real Estate Fraud Arbitration Award

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    BIKLAW Obtains $3.8 Million Arbitration Award In Surgery Center Ponzi Scheme

    The Trial Law Offices of Bradley I. Kramer, M.D., Esq. recently obtained a $3.8 Million arbitration award against Congero Development Inc. for operating a Ponzi scheme.  Congero, based out of Laguna Niguel, California, develops surgery centers throughout California. In this case, BIKLAW represented a doctor who owned a piece of property in Yorba Linda, California. [...]


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BIKLAW Obtains $3.8 Million Arbitration Award In Surgery Center Ponzi Scheme


The Trial Law Offices of Bradley I. Kramer, M.D., Esq. recently obtained a $3.8 Million arbitration award against Congero Development Inc. for operating a Ponzi scheme.  Congero, based out of Laguna Niguel, California, develops surgery centers throughout California.

In this case, BIKLAW represented a doctor who owned a piece of property in Yorba Linda, California. Congero promised to develop the property into a medical building and surgical center. The doctor entrusted Congero with a sizeable amount of money, obtained through a loan secured by the property. The doctor alleged that Congero misappropriated those funds and used them on another project. After approximately 2 years with Congero working on the project, the doctor’s property remained an undeveloped, dirt lot.

With the funds depleted, the lender refused to loan the doctor any further funds and insisted upon the repayment of the loan. When the doctor was unable to do so, the lender foreclosed on the property, and the doctor lost his property.

The Arbitrator ruled that the doctor proved that Congero committed fraud and breached its fiduciary duty to the doctor. The Arbitrator awarded the doctor a sum in excess of $3.8 Million. The sum included the doctor’s attorneys’ fees and costs.

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Testimonials

    “You have been wonderful and we really appreciate your time and efforts in helping us.”

    “…I thank you for your compassion and understanding during the difficult transition that occurred following my husband’s death. You were one of the few people who actually helped me to feel calm and reclaim my life…”

    “I truly appreciate the hard work you did and your honesty…. You truly are a person of integrity!”

    “Hey Brad — Just wanted to say it was great working with you on the [ ] case.  I’ve got the feeling that you are going to be huge in this profession.  All I ask is that when you hit your first $39 million verdict, you please invite me to the after-party at your Malibu [...]

    “I’d like to thank you for taking this case and your professionalism throughout….I believe anyone we send your way will be in both competent and good hands.”

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