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 Phone: 404-627-0950
Company Contact Name: Val Devine
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

Grand Estates Auction Company is the leader in the niche market of auctioning luxury real estate, specializing in properties valued at $2 million and above throughout North America, the Caribbean, and select international destinations. Based in Charlotte, N.C., the company was established in 1999 and was the first of its kind. Recent auctions include the record-breaking sales of an $11 million dollar home in Bay Harbor, Mich., and of a lakefront grand chateau in Grosse Point Shores, Mich., for the highest price in Wayne County in 13 years. For more information and auction details 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

GreenRoad bolsters focus on North American market with new Austin, Texas headquarters and top level appointments

San Jose, CA 05/26/15 · GreenRoad Technologies, the leading provider of Software-as-a-Service (SaaS)...

Canadian Anchor Baffled: Most People in LA Don't Know Who Sinatra Was

Hollywood, CA 05/22/15 · A Manitoba.24 anchor, MIKE BANANA, has held a...

Nostra Products - New Chalkboard Decor

New York, NY 05/18/15 · Nostra Products introduces a new product! Chalkboard decor...

AirBnB of food has arrived to London

London, United Kingdom 05/13/15 · - TRYMYKITCHEN.COM  BRINGS UNIQUE FOOD CONCEPT TO LONDON...

They Tell Their Story at the 32nd Annual McDonald’s Gospelfest and Competition

Newark, New Jersey 05/13/15 · Star-Studded Event at The Prudential Center, Newark New...

Newly Renovated Running Aces Casino & Racetrack to Host Preakness Event on May 16th

COLUMBUS, MN 05/12/15 · “The Triple Crown is a celebrated American tradition,...

Raleigh IT Business Celebrates 20 Years Of Serving Businesses Across North Carolina

Raleigh, NC 05/04/15 · CSP Extends Our Appreciation to Those Who Joined...

AK for Real Estate Development & Marketing to Settle with Egyptian Government

Cairo, Egypt 04/30/15 · Egyptian developer AK for Real Estate Development &...

Aspect/Bruker 3-year partnership concluded in March 2015

SHOHAM, Israel 04/26/15 · A world leader in ground-breaking, compact benchtop MRI...

IT Secure Services Expands Business Operations Into Massachusetts

Manchester, NH 04/23/15 · Businesses In The 128 Tech Corridor Finally Have...

ASTEP Announces Cindy Gentry, Senior Partner at Mercer U.S., as New Advisory Board Member

NEW YORK, NY 04/21/15 · The Asperger Syndrome Training and Employment Partnership (ASTEP)...

500 BC Introduces YouQuest App. Update Your Life, Not Your Status.

Washington, DC 04/21/15 · Harnessing ancient wisdom to meet modern challenges. “Update...