Attorney Joe Cartwright wins judgment of nearly $6.5 million on behalf of defrauded investors

On February 5, 2010, the United States District Court for the District of Utah entered a default judgment against a former Utah investment advisor Fasi Filiaga on behalf of 10 plaintiffs. The combined judgment of the plaintiffs as a group totals $6,474,849.45. The plaintiffs, represented by Joe Cartwright of Cartwright Law Firm, successfully obtained a default judgment based upon RICO, Fraud, Fiduciary Duty, and Unjust Enrichment claims.

The Federal Complaint alleged Filiaga received substantial deposits from each of the plaintiffs and promised to invest the money. Instead, Filiaga used the money for his own purposes and sent fabricated balance statements to the victims which falsely showed substantial increases on the invested funds. Filiaga later admitted through his attorney that all of the invested money was gone. The case is Fankhanel, et al. vs. Filiaga, United States District Court (Utah) #2:09-cv-00400-CW.