Federal Deposit Insurance Corporation v. Julius Richman, Inc., and Lenore Richman, Individually and as of the Estate of Julius Richman

Defendant Lenore Richman appeals from a judgment of the Eastern District of New York, Platt, J., in favor of plaintiff Federal Deposit Insurance Corporation (FDIC) in its suit on her guarantee of loans made to Julius Richman, Inc., a corporation maintained and operated by her husband, Julius Richman. Lenore Richman argues that money was advanced not to the corporation but to her husband, and that her guarantee is therefore unenforceable under New York’s General Obligations Law. We affirm the judgment of the district court.

Julius Richman was a real estate broker, operating through his…