Inside Mauricio Umansky's History Of Legal Troubles

The morally corrupt Mauricio Umansky??? Say it isn't so! The story goes that way back in 2016, Umansky was tapped by the United States Justice Department to sell a property owned bythe eldest son of Equatorial Guinea's president,Teodoro Nguema Obiang Mangue,to recover funds that Obiang acquired through ill-gotten gains. And, to Umansky's credit, he did

The morally corrupt Mauricio Umansky??? Say it isn't so!

The story goes that way back in 2016, Umansky was tapped by the United States Justice Department to sell a property owned by the eldest son of Equatorial Guinea's president, Teodoro Nguema Obiang Mangue, to recover funds that Obiang acquired through ill-gotten gains. And, to Umansky's credit, he did for a whopping $32 million. But not so fast. In 2018 Umansky was sued for fraud over the 2016 sale of the Malibu residence. As reported by the Los Angeles Times, Obiang alleged that Umansky sold his former home for far less than what it was worth to a man by the name of Mauricio Oberfeld, with a plan to resell it along with Oberfeld in the future for a much higher price tag. But that's not all. Obiang also claimed that Umansky deliberately withheld higher offers from him to ensure the deal with Oberfeld. (It should be noted that Umansky and Oberfeld did, in fact, resell the home for a staggering $70 million in 2017. Cha-ching!)

Still, Umansky and his team of attorneys denied any wrongdoing. "Mr. Umansky did exactly what he was retained to do," the legal team fired back in a court filing. "He sold the Sweetwater property with virtually no publicity, under a strict deadline and at a price above the appraised value." Per Radar Online, the lawsuit was eventually settled... until another plaintiff came a-knocking, that is.

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