Thursday, March 14, 2019

Kyle Richards’ Husband Mauricio Umansky Sued Over $32 Million Mansion Sale!

According to court documents obtained by Us Weekly, Kyle Richards’ husband, Mauricio Umansky is facing allegations of breach of settlement, listing agreement and fiduciary duties, statutory violations, intentional fraud, negligent misrepresentation and negligence by Sweetwater Malibu, LLC.

Apparently, the company, which hired the Real Housewives of Beverly Hills husband to sell a Malibu property located on Mesa Road, is accusing Umansky of “self-dealing, earning secret profits” and “failing to disclose and outright misrepresenting material facts.”

The allegations come after claims that he advised Sweetwater to accept an offer from a buyer named Mauricio Oberfeld, who did not have the immediate financial assets necessary to complete the sale, reports the publication.

But according to Sweetwater, Richards’ husband was working with Oberfeld to obtain financiers and only disclosed that he invested with the buyer ahead of the sale once the offer had been accepted. In addition, Sweetwater alleges that Umansky received multiple bids above the $33.5 million offer that was accepted from Oberfeld, which were not presented to the company, reports Us Weekly.

The property was sold for $69.9 million at a $37 million profit the following year. Sweetwater is seeking funds for “damages, disgorgement of profits,” the cost of the suit and any other relief deemed appropriate.

The Blast reports that a related suit brought against Umansky by his insurance company, Western World, which was seeking to be relieved of legal bills in the businessman’s dispute against Sweetwater, was dismissed in October. He filed a countersuit against Western World in August.

Photo Credit: Getty Images

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