Florida Court Awards $725K in Loan Fraud Check Case
Table of Contents
Facts in the Backdrop of the Incident
In September 2022, Parminder Gyani met Katiuska Vegas. Vegas requested a $150,000 loan to purchase a foreclosure property. She represented this property as an opportunity for a quick profit. The loan was made through funds from Gyani’s company, Humble Hustler Corp. Vegas agreed to repay the full loan within 60 days with 18% interest. To secure the transaction, she issued a postdated check payable to Humble Hustler.
Events Leading to the Legal Dispute
Vegas never repaid the loan on time. When the check was presented at Bank of America, the account lacked sufficient funds. The bank warned Gyani that depositing the check could result in Humble Hustler’s account being closed. Vegas eventually paid $5,000. However, she then denied the entire transaction in a letter. Gyani and Humble Hustler issued a statutory demand. Vegas and her company, Invepa Properties, refused to comply. Plaintiffs alleged that Vegas used Invepa as a shell to defraud creditors.
Plaintiffs’ Injuries and Their Impact
Gyani and Humble Hustler were left unpaid.
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