SE Texas Record

Friday, August 23, 2019

Customer alleges Rich Mill real estate company fraudulently transferred properties

Lawsuits

By Carrie Bradon | Aug 7, 2019


HOUSTON — A customer is suing a real estate company, alleging the fraudulent transfer OF properties after the plaintiff put a down payment.

Yuncai Tang filed a complaint July 19 the Harris County District Court against Rich Mill Co. Ltd., alleging deceptive trade practices and fraudulent transfer.


According to the complaint, Tang entered into a contract Nov. 30, 2015, with a Florida company known as American Citigroup Real Estate Inc., for the purchase of two parcels of unplatted real property near the intersections of West Belfort and South Gessner Road in Harris County. The plaintiff said he signed the real estate purchase contract for a total of $474,600 and put down $142,300. The real estate company then allegedly depleted its assets, transferring all of them, including the real property, to other corporations.

The plaintiff alleges he has spent more than $97,000 in legal fees.

Tang seeks court costs, damages, attorney fees and all other just relief. He is represented by attorneys Xenos Yuen and Gordon Wittick of Siegel, Yuen & Honoré PLLC in Houston.

Harris County District Court case number 2019-49383

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