Baseball legend Alex Rodriguez might face 30 years in jail following beautiful allegations of ‘racketeering’ and ’embezzlement’ in his $50million court docket battle along with his ex-wife’s brother, DailyMail.com can completely reveal.

Join Our Facebook Group Here

A-Rod is now accused of a string of significant crimes in a authorized submitting – a part of a civil declare that he fraudulently reduce out former relative Constantine Scurtis from the $1billion actual property empire they constructed collectively.

The sports activities hero fiancé of singer Jennifer Lopez, 51, faces the accusations in sensational new court docket paperwork filed in Miami.

These embody allegations of submitting false tax paperwork, insurance coverage fraud, interstate wire fraud, mail fraud and racketeering.

Alex Rodriguez is being sued for $50million by his ex-wife Cynthia's brother Constantine Scurtis

Alex Rodriguez is being sued for $50million by his ex-wife Cynthia’s brother Constantine Scurtis. He is pictured with fiancee JLo

A-rod is pictured with his ex brother in law Constantine Scurtis (far right) meeting with Jose Gomez and Warren Buffett in Omaha in 2006. Buffett later wrote to them saying: 'You are doing better with your investments than I am. In fact I can't think of a more logical program than the one you are following'

A-rod is pictured along with his ex brother in regulation Constantine Scurtis (far proper) assembly with Jose Gomez and Warren Buffett in Omaha in 2006. Buffett later wrote to them saying: ‘You might be doing higher together with your investments than I’m. In truth I am unable to consider a extra logical program than the one you might be following’

Scurtis’ attorneys make the brand new claims in a long-running civil case which is about for jury trial in August.

If the accusations stay within the proceedings and A-Rod loses he might then face a legal investigation, authorized sources have instructed DailyMail.com.

Alex Rodriguez is being sued for $50million by his ex-wife Cynthia's brother Constantine Scurtis

Constantine Scurtis (pictured)  is suing A-Rod for $50million 

A number of the alleged crimes are first diploma felonies that carry a most 30-year jail sentence.

A-Rod, 45, might even have huge chunk of his $350million fortune seized if convicted of racketeering underneath the Racketeer Influenced and Corrupt Organizations Act (RICO), the authorized sources added.

The legendary slugger met Scurtis’ sister Cynthia in a Miami health club in 1999 and the couple wed in 2002. However they divorced in 2008 after allegations of affairs – which he has persistently denied.

In a blistering introduction to the brand new submitting, Scurtis’ attorneys write: ‘Defendant Alex Rodriguez, a former Yankees baseball participant, is a serial cheater and liar.

‘After dishonest on his spouse, Cynthia, and mendacity about his affairs, Alex Rodriguez then lied to and cheated his brother in regulation of their actual property partnership.’

It continues: ‘This case arises out of (Rodriguez’s) breaches of fiduciary responsibility, breaches of contract, and unlawful and fraudulent sample of legal exercise.’

This allegedly included ’embezzlement, acquiring property by fraud, insurance coverage fraud, forgery, mail fraud and wire fraud,’ the submitting mentioned.

‘By way of their racketeering, Rodriguez and his co-conspirators have induced Scurtis many thousands and thousands of {dollars} in damages.’

In a blistering new filing, Scurtis' lawyers write: 'Defendant Alex Rodriguez, a former Yankees baseball player, is a serial cheater and liar'

In a blistering new submitting, Scurtis’ attorneys write: ‘Defendant Alex Rodriguez, a former Yankees baseball participant, is a serial cheater and liar’

A-Rod – a celeb investor on ABC’s Shark Tank for 2 seasons – arrange in enterprise with actual property skilled Scurtis in 2003 in a partnership ‘executed on a handshake’.

A-Rod DENIES ex brother-in-law’s claims  

Assertion from Alex Rodriguez’s legal professional:  

‘Constantine Scurtis, Mr. Rodriguez former brother-in-law, initially filed go well with in opposition to Rodriguez in December 2014. Since that point, Scurtis has amended his grievance a number of occasions, to incorporate Mr. Zook and a a number of of restricted legal responsibility partnerships and different enterprise entities asserting a hodgepodge of fabricated claims which are wholly with out advantage. 

‘In 2020, Scurtis was allowed to amend his claims to incorporate a declare for punitive damages. That modification was subsequently disallowed by the appellate court docket.

‘After six years, Scurtis just lately terminated his group of 4 attorneys and engaged new counsel to amend his grievance for a fourth time. Sadly, Scurtis expanded his claims but once more to incorporate and publicly sensationalize extra allegations as a part of his scheme to impugn and shakedown Rodriguez for cash which Scurtis shouldn’t be entitled to and to flee compensation of considerable monies owed which is the topic of a countersuit in opposition to him. 

‘To be clear, we view Scurtis’ claims as baseless and completely dispute legal responsibility for all claims asserted.’

 

The star put in all the cash for a 95 % stake, in line with their unique settlement. Scurtis was given 5 % due to his experience, plus a 3 % acquisition price on properties.

Their Miami-based enterprise – whose working arm was referred to as Newport Property Ventures – exploded. By 2008 the pair had been dealing with 5,000 flats and different models in a $1billion empire, in line with court docket paperwork.

They focused areas ripe for redevelopment corresponding to Miami’s Edgewater. It was noticed by Scurtis and is now dwelling to a number of the metropolis’s most beneficial actual property, the newest submitting mentioned.

The pair purchased up parcels of land for top rises and dubbed the realm the ‘Promised Land’, added the doc.

By 2006 they even caught the eye of super-investor Warren Buffett, now 90, the newest court docket submitting revealed.

They flew out to Omaha to fulfill the monetary guru for recommendation on their marketing strategy and had a six-hour assembly. He later wrote to them saying: ‘You might be doing higher together with your investments than I’m. In truth I am unable to consider a extra logical program than the one you might be following.’

However cracks began to look within the partnership after A-Rod was accused of an affair with a stripper in 2007, which he denied.

In addition to serving to to fracture his relationship with Cynthia, 47, ‘experiences of Rodriguez’s repeated infidelity started to have an effect on the enterprise’ mentioned the court docket submitting.

Scurtis confronted Rodriguez on a Boston enterprise journey and instructed him to look him within the eye and inform him the reality. The slugger ‘seemed Scurtis within the eye and denied he had ever been untrue’.

The previous relative claims that in 2005 A-Rod satisfied him to defer the three % acquisition charges he was due so the cash might stay as liquid money within the enterprise. He says that alone value him $8million.

He additionally claims Rodriguez later reduce him off from huge earnings by taking his identify off a number of the particular person LLC firms that they had created for every challenge with out his information.

It was after A-Rod’s 2008 divorce from psychology graduate Cynthia that Scurtis alleges he was fraudulently shoved out of the actual property empire and denied income.

The court docket doc mentioned: ‘Inside months after the divorce submitting, a Rodriguez acolyte requested Scurtis to depart their actual property workplace, and Rodriguez’s co-conspirators assumed accountability for its day-to-day operations.’

Scurtis claims after A-Rod and Cynthia  divorced in 2008 that he was pushed out of the venture and denied profits. Pictured the year before their divorce

Scurtis claims after A-Rod and Cynthia  divorced in 2008 that he was pushed out of the enterprise and denied income. Pictured the 12 months earlier than their divorce 

Cynthia alleged in her Miami court filing that the marriage was 'irretrievably broken because of extra-marital affairs and other marital misconduct'. Pictured 2012 with their daughters

Cynthia alleged in her Miami court docket submitting that the wedding was ‘irretrievably damaged due to extra-marital affairs and different marital misconduct’. Pictured 2012 with their daughters

Attorneys for Scurtis say it was solely throughout investigations for the present case that they allegedly uncovered the claimed legal acts.

A-Rod took on Stuart Zook and childhood good friend Jose Gomez earlier than Scurtis was mentioned to have been sidelined. Gomez shouldn’t be listed as a named defendant within the civil case – however is accused by Scurtis’ attorneys of their descriptions of alleged crimes.

The attorneys write that ‘rapidly and unbeknownst to Scurtis on the time, Rodriguez, Zook and Gomez had corrupted the enterprise and started to function by way of a sample of legal racketeering exercise.

‘They instantly carried out two fraudulent schemes, which Scurtis solely realized of due … to this litigation.’

The attorneys allege the primary was a large mortgage rip-off in opposition to the previous Wachovia financial institution over a big rental property in Tampa, Florida.

They are saying ‘this fraudulent and legal scheme’ put Scurtis in jeopardy of thousands and thousands of {dollars} as a result of he was nonetheless a guarantor.

The second was allegedly a scheme to revenue from 2008 Hurricane Ike, which devastated components of Texas, Louisiana and Florida and induced 113 deaths within the US.

It additionally destroyed thousands and thousands of {dollars} of the corporate’s property. Attorneys declare Zook ordered two units of accounts to be made – one reflecting the precise harm and a second ‘inflated’ damages for insurance coverage functions.

A-Rod and J-Lo (pictured), who began dating in 2017, postponed their planned wedding in Italy last summer reportedly because of the Covid-19 pandemic. They bought a $40million 10-bedroom waterfront home on Miami's exclusive Star Island last year

A-Rod and J-Lo (pictured), who started courting in 2017, postponed their deliberate wedding ceremony in Italy final summer time reportedly due to the Covid-19 pandemic. They purchased a $40million 10-bedroom waterfront dwelling on Miami’s unique Star Island final 12 months

However the firm’s chief accountant blew the whistle to Rodriguez, says the brand new submitting. But the 14 time All Star participant allegedly helped cowl up the claimed double accounts. He ‘entered right into a confidential settlement that included a confidentiality settlement’ and the accountant resigned.

In a previous hearing, Judge Maria de Jesus Santovenia (pictured) ruled that punitive damages can be added to the complaint against Rodriguez – further putting his fortune in peril if he loses

In a earlier listening to, Choose Maria de Jesus Santovenia (pictured) dominated that punitive damages will be added to the grievance in opposition to Rodriguez – additional placing his fortune in peril if he loses

‘Rodriguez and his co-conspirators took benefit of the ensuing energy vacuum to take away checks on their very own misconduct,’ the authorized doc states.

The attorneys declare A-Rod and his ‘co-conspirators’ then ‘devised a scheme to deprive Scurtis of management of the overall partnership entities that he alone managed.’

They add: ‘They created task paperwork that presupposed to switch Scurtis’ curiosity to NPAV (an entity that was in Rodriguez’s sole management)’.

The doc additionally claims Rodriguez and Zook embezzled actual property property from the partnership by promoting then to themselves at knockdown costs.

They’re additionally accused within the authorized papers of submitting false Okay-1 types with the IRS, which data every accomplice’s share of a partnership’s earnings.

Scurtis is suing A-Rod for $50million. And in a earlier listening to, Choose Maria de Jesus Santovenia dominated that punitive damages will be added to the grievance in opposition to Rodriguez – additional placing his fortune in peril if he loses.

The previous New York Yankee has filed a counter declare to the Miami court docket, saying Scurtis took $1.4million out of the enterprise with out authorization in 2004 and 2005.

Lawyer Katherine Escovitz, who’s appearing for Scurtis, mentioned: ‘Mr. Rodriguez will face a jury on August 2 to reply claims that he and his co-conspirators engaged in a sample of racketeering and embezzlement – gravely damaging a reputable and profitable household actual property enterprise that Constantine Scurtis constructed by way of onerous work and savvy funding selections.’

A-Rod and J-Lo, who started courting in 2017, postponed their deliberate wedding ceremony in Italy final summer time reportedly due to the Covid-19 pandemic. They purchased a $40million 10-bedroom waterfront dwelling on Miami’s unique Star Island final 12 months.



Source link

Please follow and like us:

LEAVE A REPLY

Please enter your comment!
Please enter your name here