This action seemingly arises from a fraudulent loan transaction. Charles Wilhelm and his wife Brenda Wilhelm (collectively, “Plaintiffs”) commenced this action as trustees of the Wilhelm Family Trust. Plaintiffs, for unspecified reasons, promised defendant William Yuan (“Yuan”) that they would wire funds to an escrow account for a loan transaction between defendants nGlobaLink Corporation (“NGLC”) and Monex Assurance Group, Inc. They initially wired $75,000 to an escrow agent, namely defendant Gregory L. Davis (“Davis”). They subsequently wired an additional $175,000, which was deposited with Swiss Monex Global, AG in the Bahamas. They had to take out a home-equity loan to secure the $175,000 payment. By September 2017, Yuan had not returned the $250,000 they fronted for the transaction. In September 2018, Yuan executed a promissory note in favor of Plaintiffs. He never repaid them. And so, Plaintiffs commenced this action.
Plaintiffs assert causes of action against the defendants for
Hearing Date
May 23, 2019
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This action seemingly arises from a fraudulent loan transaction. Charles Wilhelm and his wife Brenda Wilhelm (collectively, “Plaintiffs”) commenced this action as trustees of the Wilhelm Family Trust. Plaintiffs, for unspecified reasons, promised defendant William Yuan (“Yuan”) that they would wire funds to an escrow account for a loan transaction between defendants nGlobaLink Corporation (“NGLC”) and Monex Assurance Group, Inc. They initially wired $75,000 to an escrow agent, namely defendant Gregory L. Davis (“Davis”). They subsequently wired an additional $175,000, which was deposited with Swiss Monex Global, AG in the Bahamas. They had to take out a home-equity loan to secure the $175,000 payment. By September 2017, Yuan had not returned the $250,000 they fronted for the transaction. In September 2018, Yuan executed a promissory note in favor of Plaintiffs. He never repaid them. And so, Plaintiffs commenced this action.
Plaintiffs assert causes of action against the defendants for