Your tip

Kyle Richards' Husband Mauricio Umansky Slapped With Lawsuit Over Real Estate Deal

Kyle Richards Husband Mauricio Umansky Sued Over Real Estate Deal
Source: Mega

Sep. 16 2019, Updated 12:37 p.m. ET

Link to FacebookShare to XShare to Email

Kyle Richards' husband Mauricio Umansky is in another real estate legal battle after settling a previous one, as The Blast has reported. The Real Housewives of Beverly Hills star's realtor spouse has just been sued, being accused of fraudulently double-dipping on a deal, court papers say.

According to the docs, in 2016, Mauricio was selling a luxurious home in Malibu owned by Teodoro Nguema Obiang Mangue, the son of the President of Equatorial Guinea. But after a criminal investigation, the United States government had seized the property. As a part of a settlement, Mangue agreed to sell the beachfront property and give more than $10 million from the sale to a charity benefiting the people of his home country.

Article continues below advertisement

Umansky put the house on the market for $32 million, but in the new suit, potential buyer Sam Hakim has alleged Mauricio chose the price knowing, "full well it was far below the property's true market value." Hakim has contended in legal papers that Mauricio did that so the he could secretly buy the home himself and sell it at a profit at a later date.

Mauricio eventually flipped the property and sold it for almost $70 million, the court papers indicate. Hakim has claimed he tried to make a $40 million offer on the house but Mauricio told him "not to put it in writing." Hakim is charging Mauricio with "shocking misconduct" and "egregious breaches of duty and other despicable conduct" which cost him the profits that he would have received for the winning bid on the estate. The man is suing for the $35 million he believes he would have received in profit.

Mauricio hasn't commented on the lawsuit. It's not the first time Kyle's handsome hubby has been in legal hot water.

As the website previously reported, Mauricio was accused of screwing over a client by selling their Malibu mansion to himself secretly and then reselling the home a year later at a profit of $37 million. Umansky's insurance company, Western World, reportedly sued him, asking the court to let them off the hook for legal billsrelating to the dispute between the realtor and the seller of the ritzy property.

Article continues below advertisement

However, Kyle's husband counter-sued the insurance company, demanding Western World's lawsuit against him not go forward until the issue with the seller was resolved. Mauriciodenied all wrongdoing. Eventually, Mauricio reached an agreement that dismissed that lawsuit. The docs showed that Western World Insurance and Mauricio agreed to dismiss all claims against each other and pay their own legal bills, ending the entire battle. RHOBH-starring Kyle and Mauricio are known for their lavish lifestyle.

In 2017, their Encino, Calif., home was burglarized and thieves took jewelry worth up to $1 million dollars. Kyle is expected to be the queen of the Bravo reality show now that Lisa Vanderpump has quit. "It's Kyle's show now," former co-star Camille Grammer recently said.



Opt-out of personalized ads

© Copyright 2024 Radar Media Group LLC. RADAR and RADARONLINE are registered trademarks. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy. People may receive compensation for some links to products and services. Offers may be subject to change without notice.