}

Tuesday, April 8, 2014

WHITE-COLLARED! MINING TECHNOLOGIES VS. VERSAILLES INVESTMENTS CIVIL FRAUD TRIAL BEGINS TODAY IN LA SUPERIOR COURT

$12 million dollar Malibu home owned by Zia Shlaimoun's Versailles Investments at the heart of California fraud case

Exactly 904 days after the initial complaint alleging fraud was filed against Zia Shlaimoun's Versailles Investments by Sudbury, Ontario-based Mining Technologies International, the trial is set to begin this morning in Los Angeles Superior Court.

At the heart of MTI’s claim is that MTI gave $2,000,000 to Zia Shlaimoun and Nikolas Korakianitis for investment in a "bond transaction". The bond transaction was non-existent, was a fraudulent scheme and Shlaimoun and his partners took the money for their own purposes. 

On May 19, 2011 MTI filed a its lawsuit in Canada, alleging fraud, conversion, misrepresentation, conspiracy, breach of trust, breach of fiduciary duty, unjust enrichment, negligence and breach of contract. Defendants included Zia Shlaimoun, his wife Oussha Arda Shlaimoun, the Infinafund defendants and other “Infinafund” companies and various other parties to the losses arising from MTI's deposit on May 27, 2010 of $2,000,000 into Infina Fund's NatWest bank account.

On May 27, 2011 Justice O’Connor issued a Norwich Pharmecal order, a Mareva order and an asset disclosure order. The O’Connor orders required Shlaimoun to provide a sworn statement of his worldwide assets within 7 days. (Shlaimoun’s assets were “frozen” by the Mareva injunction.)

On July 17, 2011, Shlaimoun served MTI with a sworn asset statement in accordance with the O'Connor orders to report his worldwide assets.


In his affidavit, Shlaimoun stated that he resided in London, England, and that his worldwide assets included nominal sums in a Barclays Bank account in London, a residence with a small amount of equity in London, and shares of nominal value in the Infinafund Companies.

Shlaimoun submitted that he had "no significant assets with any substantial value".


But Shlaimoun failed to disclose the Malibu, California home (left) he’d purchased in December 2010, interests in various luxury automobiles, his interest in the California company, Versailles Investments LLC, and other corporate interests.

In September 2011 MTI discovered that Shlaimoun had moved to Malibu, California. 

MTI subsequently discovered that Shlaimoun had entered into an agreement to purchase the Malibu home where he still lives on July 6, 2010.

CALIFORNIA DREAMIN'...& SCHEMIN'

On July 6, 2010, a Grant Deed was issued granting all interest in the Malibu home to Shlaimoun.

On September 14, 2010 Shlaimoun directed the BSI Bank in Switzerland to transfer $6,200,000 to the United States to complete the purchase of the Malibu home. The monies to purchase the Malibu home came from the same bank account where Shlaimoun had transferred MTI's monies to from Infinafund's NatWest Bank account. The commingled monies from investors deposited into the Infinafund NatWest bank account were transferred from Infinafund’s NatWest bank account to Infinafund’s BSI Bank in Switzerland, which monies were then transferred into an account in the name of Roxlark at the BSI Bank in Switzerland.

BSI Bank in Switzerland then transferred the money to First California Escrow in California to pay for Shlaimoun's Malibu home.

For some unexplained reason, the deed for the Malibu home was not registered until October 22, 2010, just days after Versailles Investments, LLC was incorporated by Shlaimoun in California. Shlaimoun is also the "owner" and principal of Versailles Investments LLC, a corporation which owns the Malibu home at the heart of this case.
 

When confronted by MTI with evidence of a payment of $6,200,000 from Roxlark to Shlaimoun (for the purchase of the Malibu home), Shlaimoun claimed it was a payment for a patent of his but did not produce one single document consistent with or confirming such a patent transfer or transaction.
 

On October 12, 2011 MTI obtained an order from the California courts enjoining the sale of the Malibu home. On October 18, 2011 MTI filed a lis pendens on the Malibu home.
 

The very next day, on October 19, 2011, Shlaimoun assigned the Malibu home to Versailles. 

WILL ZIA FLEE-A? 

We'll see-a.

2 comments:

  1. hello Miss Fortune, are you still tracking Zia before he may Fle a?

    ReplyDelete
    Replies
    1. Yes, Zia is still on my radar. I've been working on breaking news here in Michigan, but if you have any updates please send me an email at: tcmissfortune@yahoo.com.

      I'd love to hear from you!

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