Inside Mauricio Umansky’s Legal Trouble Story – Nicki Swift

The morally corrupt Mauricio Umansky??? Say it isn’t!

The story goes like this: In 2016, Umansky was contacted by the United States Department of Justice to sell a property belonging to the eldest son of the president of Equatorial Guinea, Teodoro Nguema Obiang Mangue, to recover the funds that Obiang acquired through illicit profits. And, to Umansky’s credit, he did it for a whopping $32 million. But not so fast. In 2018, Umansky was sued for fraud over the sale of the Malibu residence in 2016. As reported by the Los Angeles TimesObiang alleged that Umansky sold his old house for much less than it was worth to a man named Mauricio Oberfeld, with a plan to resell it along with Oberfeld in the future for a much higher price. But that is not all. Obiang also claimed that Umansky deliberately withheld higher offers from him to secure the Oberfeld deal. (It should be noted that Umansky and Oberfeld did, in fact, resell the house for a staggering $70 million in 2017. Cha-ching!)

Still, Umansky and his legal team denied any wrongdoing. “Mr. Umansky did exactly what he was hired to do,” the legal team responded in a court filing. “He sold the Sweetwater property with virtually no publicity, on a tight deadline, and at a price above appraised value.” By radar onlinethe lawsuit was eventually settled…until another plaintiff knocked on the door, that is.