The Real Housewives of Beverly Hills star Kyle Richards’ husband Mauricio Umansky is facing yet another real estate lawsuit, this time from a potential buyer, when it comes to a Malibu mansion he sold for $32 million.
If you recall, Mauricio is currently facing a lawsuit over this mansion sale from 2016 after the seller accused him of acting unethically by allegedly failing to disclose higher offers to him so that he and the eventual buyer could partner up and flip the home a year later for a $37 million profit.
While the seller’s lawsuit remains ongoing, a man named Sam Hakim, who describes himself as a potential buyer, has just filed a new lawsuit against Mauricio claiming his higher offer to buy the house was turned down.
According to The Blast, Sam is alleging he had a lot of interest in this home as he intended to do what Mauricio ultimately did, which was to buy it and flip it. Sam claims he wanted to make an offer of $40 million on the property but that when he approached Mauricio, he was allegedly told “not to put it in writing.”
He also alleges that the only reason Mauricio did not want his offer in writing is because he was planning to sell it to himself and to later flip it for a $37 million profit. Mauricio and his partner sold this home a year later for $69 million.
Sam also claims that Mauricio chose the lower offer of $32 million with the knowledge that it “was far below the property’s true market value.”
He is now claiming that Mauricio’s alleged “egregious breaches of duty and other despicable conduct” plus lack of transparency ultimately cost him the opportunity to flip the home and make a possible profit of $35 million, which is the amount he is suing Mauricio for.
He is hoping to recoup the money he claims he missed out on as he accuses Mauricio of “shocking misconduct.”
Mauricio has yet to respond to this latest lawsuit but he has always maintained he acted ethically when it came to the sale of this home.
Photo Credit: Kathy Hutchins/Shutterstock.com
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