Alvarez v Moor & Anor [2019] EWHC 1774 (QB) (15 July 2019)

Alvarez v Moor & Anor [2019] EWHC 1774 (QB) (15 July 2019)

The defendants, acting in concert, made false and fraudulent representations to the claimant regarding access to 'Fed' controlled investment programmes and high returns, intending him to rely on them. The claimant relied on these misrepresentations and suffered loss. All defendants are jointly liable for deceit and conspiracy to misappropriate the claimant's funds.

Citation
[2019] EWHC 1774
Parties
Claimant: Juan Carlos Alvarez; First Defendant: Dr Jacob Moor; Second Defendant: Erich Knoebl; Third Defendant: Shatton Industries Limited
Jurisdiction
England and Wales
Judgment Date
15 July 2019
Procedural Posture
Civil / High Court Trial Judgment
Outcome
Judgment for the claimant
Legal Topics
Deceit, Misrepresentation, Conspiracy, Investment Fraud, Joint Tortfeasors, Contractual Liability
Tort Contract Fraud Deceit Misrepresentation Conspiracy Investment Fraud Joint Tortfeasors +1 more

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Parties

Juan Carlos Alvarez

Claimant

Dr Jacob Moor

First Defendant

Erich Knoebl

Second Defendant

Shatton Industries Limited

Third Defendant

Procedural Posture

Civil / High Court Trial Judgment

Legal Issues

  1. 1 Whether the defendants made fraudulent misrepresentations to induce the claimant to invest
  2. 2 Whether the defendants dishonestly conspired to misappropriate the claimant's funds
  3. 3 Whether the defendants are jointly liable for deceit and contractual breach

Ratio Decidendi

The defendants, acting in concert, made false and fraudulent representations to the claimant regarding access to 'Fed' controlled investment programmes and high returns, intending him to rely on them. The claimant relied on these misrepresentations and suffered loss. All defendants are jointly liable for deceit and conspiracy to misappropriate the claimant's funds.

Court Disposition

Judgment for the claimant

Orders

  • Defendants jointly liable for deceit and conspiracy
  • Defendants ordered to pay claimant $2.31 million plus interest