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Monday, July 10, 2017

ANOTHER SHLAIMOUN SWINDLE: The Real Story Of Orange County's Notorious Zia Shlaimoun, And His Thwarted Attempt To Scam A Grieving Homeowner!

NEWS ALERT! The story of squatter Shlaimoun's foiled attempt to swindle a homeowner, another Miss Fortune exclusive!

On March 15, 2017, Zia Shlaimoun filed what was later described in California court documents as a “skeletal voluntary chapter 13 bankruptcy petition”. 

Estimating assets below $50,000, Shlaimoun's statement of affairs did not disclose receipt of any funds in the form of employment, operating a business or otherwise for the last three years. Those schedules indicated Shlaimoun received financial assistance from friends and family members. 

Right!

Looks like Shlaimoun forgot that he was the managing member of Goldstar Laboratories LLC, holding 100 percent of the equity in a Delaware corporation formed on July 20, 2015.

And that Goldstar Laboratories LLC was not a legal entity created under the laws of the State of California!

Although as recently as September 20, 2016 Shlaimoun presented himself in a declaration filed in another bankruptcy hearing (not his own) as the holder of an agreement to purchase a clinical testing lab for $2.4 million, he's now destitute, as poor as a church mouse and reliant on handouts from friends and relatives. 

Shady Shlaimoun testified at a bankruptcy-related examination that he often operated his businesses in cash and had dissipated hundreds of thousands of dollars within a year of the March 15, 2017 bankruptcy petition date. 

When asked where the hundreds of thousands of dollars in cash were spent, Shlaimoun testified he could not recall.

No wonder he can no longer make his BMW payments!

Shlaimoun's March 15, 2017 bankruptcy petition was filed just prior to what would have been the final day of trial in an unlawful detainer civil action against the Shlaimoun. 

The petition was also filed on the eve of the final briefing deadline for another plaintiff to submit its final closing argument in connection with a civil fraud trial that ended in January of 2017.  

That petition succeeded in delaying the unlawful detainer trial for nearly one month and delayed a final ruling in another civil litigation for nearly two months. Ultimately, the plaintiff in the unlawful detainer case obtained a judgment of approximately $100,000 against Shlaimoun and his wife, Oussha Jensen Shlaimoun. 

The litigant in the second case obtained a statement of decision of approximately $2,600,000, inclusive of $1,000,000 in punitive damages. 

Shlaimoun was found liable for fraud and his conduct was so egregious that the state Court issued punitive damages in the amount of $1,000,000. 

On August 1, 2017 at 10:00 a.m., the two creditors awarded judgments will appear in a California courtroom, bringing a Rule 4007(c) motion for an extension of time to file a dischargeability complaint. The creditors are seeking to stop Shlaimoun from discharging the judgment debts as part of his bankruptcy case.

The unlawful detainer action was based on a residential lease agreement for an Irvine, California, home Shlaimoun and his wife were renting for $18,500 a month.

According to court documents filed in the case, the unlawful detainer plaintiff potentially has a non-dischargeable claim based on the Shlaimoun's “fraudulent and malicious conduct in relation to his unlawful retention of the property far beyond his lawful ability to occupy it. In total, Shlaimoun failed to pay over 6 months of rent on an $18,500 per month high-end property.” 

In total, Shlaimoun failed to pay over 6 months of rent on the $18,500 per month high-end property. Shlaimoun repeatedly claimed he had a "Lease Extension and Option Agreement" which allowed him to stay in the property rent-free while simultaneously providing him with an "option" to purchase the property for $2,000,000 under fair market value. 

Shlaimoun claimed the plaintiff's recently deceased husband signed the Option Agreement a few months prior to his death. 

Shlaimoun made no claim regarding the existence of the Option Agreement until a few weeks after he was notified of the husband's death. 

Evidence admitted during the civil trial strongly supported the plaintiff' claim that the Option Agreement was shamelessly forged by the Shlaimoun. 

In fact, Shlaimoun's own handwriting expert changed his opinion during cross examination at trial and determined it was "inconclusive" whether the Option Agreement was forged. 

The plaintiff's expert testified that she was confident, to a 100% certainty, that the Option Agreement was forged. In addition, the plaintiff's computer forensics expert determined that all user files were wiped from the computer Shlaimoun testified he created the purported Option Agreement on. 

Shlaimoun, realizing the unlawful detainer trial was going very badly for him, filed for bankruptcy on the eve of the 4th day of trial. 

That little legal maneuver allowed Shlaimoun and his various family members three additional weeks of rent-free residence in the Irvine home while the plaintiff obtained an eventual lift of the automatic bankruptcy stay. 

The unlawful detainer civil trial was set to resume on April 10, 2017, but Shlaimoun cleared out of the home the morning before trial started and provided no objection to a judgment against him.

But Shlaimoun is still trying to monetize the fraudulently created Option Agreement and values it at $3,000,000 on his bankruptcy schedules. 


I'm stunned that Shlaimoun's conduct hasn't drawn more attention from California and federal criminal investigators.

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