Principals of Concierge Auctions Remain Mired in RICO Lawsuit : RushPRNews - Newswire & Global Press Release Distribution

 
Bookmark and Share

Principals of Concierge Auctions Remain Mired in RICO Lawsuit

March 13, 2014

Principals of Concierge Auctions Remain Mired in RICO Lawsuit

Charlotte, North Carolina (RPRN) 03/13/14 — Judge Finds Merit in Allegations of Deception and Wire Fraud Denying Concierge’s Motion for Dismissal

 

In the continuing RICO lawsuit brought against Concierge Auctions, LLC, US District Judge John G. Koeltl ruled in favor of the plaintiffs, moving the case forward. The plaintiffs, past clients of Concierge Auctions, alleged false advertising and deceptive and fraudulent business practices committed by Concierge Auctions and its controlling parties, Co-Founder and President Laura Brady and COO and Managing Director Mike Russo.  According to court documents, many of the RICO allegations concern Concierge Auctions Co-Founder and Managing Director, Chad Roffers who was not added to the suit due to his $14 million bankruptcy from his last failed venture.

 Represented by preeminent criminal attorney, Moses & Singer White Collar Criminal Defense Practice Group Chair Robert Wolf, Concierge Auctions’ controlling members Laura Brady and Mike Russo face allegations of deception, wire fraud, and other racketeering activity as alleged by the plaintiffs.  The judge upheld those allegations and the case is moving forward.

“It is inexplicable that Concierge Auctions has issued a press release claiming that the RICO suit was dismissed when, in fact, the case is moving forward,” stated Valaria DeVine, CEO of Grand Estates Auction Company.  “However, we are not surprised as such intentional dissemination of false information is par for the course with Concierge Auctions and its directors.”

Industry leader Grand Estates Auction Company has a long-standing reputation of integrity in the luxury real estate auction arena.  Over that time, the company has demonstrated a proven track record of successfully auctioning luxury real estate properties with more than 90% of homes sold on auction day, and the highest closing rate in the industry.  The company initially participated as a plaintiff in the RICO lawsuit.  Although no longer a plaintiff in the federal case alleging civil racketeering charges against Concierge Auctions, Grand Estates Auction Company will continue to pursue claims against Concierge Auctions, Laura Brady, and Mike Russo in a pending case in federal court in Florida.

“Grand Estates feels vindicated by the judge’s decision to move forward with the RICO case against Concierge Auctions’ officers Laura Brady and Mike Russo,” continued DeVine. “We pursued this litigation to clean up the reputation of the luxury real estate industry and stamp out any underhanded and illegal business practices that any auction company and its officers would employ.  While we won’t be part of the RICO litigation in New York, we will continue to fight for the integrity of this industry.” 

Grand Estates Auction Company is the leader in the niche market of auctioning luxury real estate, specializing in properties valued at $1.5 million and above throughout North America and the Caribbean.  Established in 1999, the company was the first of its kind.

 

Media Contact Name: Cristina Anderson
Media E-mail:
Media Phone: 404-627-0950
Company Contact Name: Val Devine
Company E-mail:
Company Phone: 704-529-0026
Company Web Address: www.grandestatesauction.com
Main image credits: http://www.grandestatesauction.com/buyers/auction-process.cfm
About the author:

Grand Estates Auction Company is the first of its kind to exclusively market and auction one-of-a-kind, luxury residential real estate typically priced between $1.5 million and $20 million – in North American and Caribbean resort areas. Our mission is to provide our clients with a swift, strategic, marketing process that will achieve top dollar value for their properties with no contingencies, and to execute an aggressive, global marketing campaign to engage qualified local, national, and international buyers of luxury real estate. Established in 1999,the company has representatives in Naples Florida, Vail Colorado, Aspen, Atlanta and maintains its corporate headquarters in Charlotte NC. For more information, visit www.grandestatesauction.com .

For more information, visit www.grandestatesauction.com or join us on Facebook at https://www.facebook.com/GrandEstates

Click here to see all news from this author/company

Filed Under: BREAKING NEWS, BUSINESS NEWS, COURT NEWS, PRESS RELEASE

RUSH PR NEWS newswire and press release services at rushprnews.com / Anne Howard annehowardpublicist.com

Content- Legal Responsibility - All material is copyrighted - You may repost but you MUST link back to the original post on your page and acknowledge Rush PR News as the news source. Rush PR News is not legally and/or morally responsible for content of press releases, opinions expressed or fact-checking.

Rush PR News cannot be held legally responsible for material published and distributed through its newswire service or published in its press-room and therefore cannot be sued for published material. Third-party must be contacted directly to dispute content.

Rush PR News is not the contact for material published.

RSSFeed PRESS & SOCIAL MEDIA RELEASES

The new language exchange app is here! As easy as learning Chinese!

SAN FRANCISCO 07/23/14 · The new language exchange app ‘Social Language’ is now...

Xpressivo live on KickStarter! Get a Jolt!

SAN FRANCISCO 07/23/14 · Xpressivo: Start It Up!   Get a jolt today! Xpressivo’s new...

What’s better than distributing your press release to tons of outlets? Guaranteed AP Media Coverage!

San Francisco/Montreal/London 07/23/14 · Distributing your press release with GUARANTEED placement in...

Xpressivo: Bringing Coffee Back

SAN FRANCISCO 07/17/14 · Espresso drinkers – get excited! Now even the most...

Designz23 presenta SEO, avisos Google, Pago Por Click, sitios aptos para móviles

Allentown Y Bethlehem, PA 07/16/14 · – Designz23.com se complace en ofrecer lo último...

Remapping and Insurance: What You Need to Know

LONDON, UK 07/14/14 · With turbodiesels often getting some of the very...

Are Canadian consumers getting fleeced by the life insurance industry?

Halifax, NS 07/08/14 · Consumers have had enough and they want to...

Open Casting Call for W Network’s New Reno Competition Series Game of Homes

VANCOUVER, B.C. 07/08/14 · Casting underway in Vancouver W Network and Great Pacific Television are looking...

Vegan Recipe Cookbook Celebrates 70 years of Vegan

London, UK 07/08/14 · London based health and nutrition consultancy Foods for...

Discover the Benefits of Grand Estates Auction to the Buyer

Charlotte, NC 07/07/14 · Benefits of Grand Estates Auction to the Buyer...

Why Are Brokers considering Grand Estates Auctions? Discover the benefits

Charlotte, NC 07/06/14 · The Benefit of Grand Estates Auction to the...

Grand Estates Auction Company presents Music City Glamour

Nashville, TN 07/05/14 · Redisvoer Music City Glamour: Nashville, Tennessee Nashville is more...

Summertime, And the livin' is easy! PR Summer 2014

San Francisco 06/27/14 · Summertime,  And the livin' is easy!  Enjoy the...