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Restless Media GmbH Wins $1.8M Verdict in Fraud Lawsuit Involving Sale of Luxury Cars

Restless Media GmbH Wins $1.8M Verdict in Fraud Lawsuit Involving Sale of Luxury Cars

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Nishica Srivastava
January 24, 2025
Restless Media GmbH Wins $1.8M Verdict in Fraud Lawsuit Involving Sale of Luxury Cars

Restless Media GmbH V. Johnson Et Al

Case Background

Restless Media GmbH ("Plaintiff") filed a racketeering lawsuit under the RICO Act alleging fraud against Thomas E. “Ted” Johnson, Milestone Motorcars Sales LLC, Milestone Motorcars LLC (the “Johnson Defendants”), Richard Cole and Rick Cole Auctions, Inc. (the “Cole Defendants”), and Donald E. Williams and the Black Hawk Collection (the “Williams Defendants”).
Restless Media GmbH (RMG), is a German corporation managed by Dr. Florian Lechner, with its principal place of business in Grünwald, Germany. RMG is owned by Bradley Birkenfeld, a resident of Malta, and holds luxury cars on his behalf. On December 28, 2021, Mr. Birkenfeld transferred his rights to a Bugatti and Ferrari, including legal claims, to RMG. Previously, he had transferred rights to three other luxury vehicles in 2021. Defendant Thomas E. "Ted" Johnson is a Florida resident and the owner of Milestone Motorcars LLC and Milestone Motorcars Sales LLC, both of which are involved in vintage car sales and restoration. Defendants Richard Cole and Rick Cole Auctions Incorporated, based in Texas, also deal in vintage cars. Defendant Donald E. Williams and The Blackhawk Collection, based in California, specialize in purchasing and selling vintage cars.
The Plaintiff accused the Defendants of coordinating a scheme to commit fraud through the sale and purchase of vintage cars. The lawsuit alleged that the Defendants committed fraud by misrepresenting the sale price of a Bugatti and a Ferrari, engaging in hidden transactions, and forging invoices. The lawsuit was filed in the United States District Court, Florida S

Tags

breach of contract
fraud
Breach of Fiduciary duty
RICO Act
breach of fiduciary duty
rico act