Armenis v. Cramer

GRIFFIN, Judge.

Petitioner, Spiro Armenis and two corporations controlled by him, Financial Futures Management Corporation and EGYB, Inc., have been sued for fraud, breach of contract and civil theft arising out of a real estate transaction. Respondent, the plaintiff below, principally contends that Armen-is fraudulently induced him to provide an irrevocable letter of credit as security for a loan to the corporations to fund certain real estate purchase deposits. The loan was drawn down in April, 1988.

Respondent succeeded in obtaining an order from the trial court compelling Armen-is to…