Tag Archives: Ethics

Tampa Firm Found Guilty of Fraud – Plaintiff Awarded $1 Million

A Tampa, FL financial firm and its owner was found guilty in Federal Court of Fraud & Breach of Contract.

Orlando, FL, Aug 01, 2019 — Freddy Russian and his company American Private Equity based in Tampa, Florida found guilty of Fraud and Breach of Contract in U.S. Federal Court. Plaintiff The Prosyon Group was awarded nearly $1 million after a 4 day trial on June 26, 2019.

An eight person jury unanimously decided against Freddy Russian and his firm for Fraud & Breach of Contract after a four day trial based on insurmountable evidence and witness testimony. The verdict is related to M&A services rendered by The Prosyon Group after it was contracted when Freddy Russian and his firm couldn’t deliver for Brazil-based Quimatec Produtos Quimicos.