Seisa Medical’s fraud case stays alive

Seisa Medical’s case against an allegedly fraudulent California-based attorney claiming damages of approximately $1.8 million will stay alive after a federal judge in Texas declined to approve a motion looking to dismiss the case over jurisdiction issues.

In its case, filed in the US District Court for the Western District of Texas, El Paso Division, Seisa alleges that defendant Catherine Shiang, and their company Asia Capital Advisor, fraudulently misrepresented themselves and their business and scammed the company out of nearly $2 million.

Seisa said it began its relationship with Shiang and ACA in 2016 as the company looked to expand its business in Asia, according to court documents.

The company claims that Shiang “utilized a scheme of fraud and misrepresentation regarding her background, skills, addresses, business associations as well as her name in order to induce plaintiff . . . to sign a series of agreements,” according to court documents.

Seisa continues its allegations, adding that Shiang created a “phantom staff with their own emails and professional backgrounds,” and that it misrepresented the size and capabilities of the company.

During a visit to El Paso, Texas, in which Shiang was meeting with Seisa president Jacobo Chieu, Seisa claims that Shiang “sent a series of emails in furtherance of the parties’ business relationships, including several fraudulent messages,” according to court documents.

Those messages include an email received by president Chieu from the account of Rida Lui, which Shiang claimed was ACA’s executive administrator. However, the email included Shiang’s signature and was verified by Chieu as having come from “the same El Paso internet protocol address as others sent by Shiang that same evening,” court documents read.

Seisa is asserting nine causes of action against Shiang and ACA in its complaint, including a breached non-disclosure agreement and approximately $1.8 million in damages as a result.

Shiang and ACA filed a motion to dismiss the case, arguing that the Texas-based court had no jurisdiction, but the motion was denied, according to court documents.

In February, Seisa Medical said it closed a $42.5 million senior secured credit facility.

The post Seisa Medical’s fraud case stays alive appeared first on MassDevice.

from MassDevice https://ift.tt/2zqBf93