$138,000 judgment for victim of financial fraud

30 Jan $138,000 judgment for victim of financial fraud

Posted at 13:16h in Litigation by Adam Hocutt 0 Comments 

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In recent economic times, stories have become all too common of trusting investors who are swindled out of their hard-earned money by self-proclaimed “expert” money managers who claim to have the ability to produce outlandish financial returns. Dozier Miller recently obtained justice for one such investor who had her entire life savings taken by an out-of-state resident who claimed he could triple her money in the stock market.

After mailing seven checks totaling $38,000 to be invested on her behalf, the so-called money manager suddenly became very difficult to contact and refused to return the money. Not sure what to do, the swindled investor came to Dozier Miller desperate for help. Attorney Adam Hocutt took the case and located the defendant living at his parents’ home in another state. An aggressive lawsuit was filed in North Carolina against the defendant, demanding a return of the $38,000, as well as an award of punitive damage to punish the defendant for his wrongful conduct. After presenting detailed evidence of how this financial scam had deprived the plaintiff out of every spare dollar she had, the Court entered a total judgment of $138,000, with $100,000 awarded as punitive damages!

The lesson to be learned from this judgment should not be missed. If you have been the victim or fraud or other intentional misconduct, you may be entitled to much more than just a recovery of your money. A skilled attorney can make a claim for punitive damages against any wrongdoer who causes intentional harm. If you’ve been the victim of fraud, deception, or other intentional misconduct, its important to consult with a litigation attorney right away to fully explore all damages you may be entitled to recover.

Dozier Miller’s civil litigation counsel:

• Adam Hocutt
• J. Gentry Caudill