Real Housewives of Beverly Hills star Kyle Richards' husband, real estate broker Mauricio Umansky has been sued for fraud over an alleged shady deal.
According to a new lawsuit obtained by The Blast, Back in 2016, Umansky was selling a high-end property on the water in Malibu, CA. The home was reportedly owned, but according to the outlet, it wasn't an ordinary sale, and the United States Government had seized the house as an asset belonging to the family after a lengthy criminal investigation.
The son Teodoro Nguema Obiang Mangue later agreed to sell the beachfront property and donate over $10 million of the proceeds to a charity benefiting the people of his home country.
Umansky put the property on the market for $32 million, which the claimant says is far below the actual value of the property. He claims that Umansky did this so that he could buy it himself and make a profit. Which is precisely what he did - and sold the home for $70 million!
He is suing Umansky for $35 million.