Appeals Court: UDF failed to prove its fraud claims against Hayman

Posted August 2, 2021

“In all events, Hayman’s posts that UDF contends are false are also public record.  There is no concealment issue here. And, because the statements are about UDF itself, it has the ability to determine whether they were in fact false.  Application of the privilege would not in any way prevent UDF from discovering its claim or proving its case if, as it contends, the posts contained untrue statements."

“Thus, in addition to failing to meet its burden of establishing a prima facie case of fraud, UDF failed to establish a prima facie case of a crime or otherwise attempt to overcome its heavy burden of piercing the attorney–client privilege.”

COO of Centurion American & Celina Mayor, Sean Terry, Raided by FBI

Posted December 17, 2020

Barred UDF founder had wife broker $42MM in UDF securities, received $2.8M of UDF investor money

Posted October 15, 2020

FINRA FINDS THAT UDF FOUNDER, WHILE BARRED FROM SECURITIES INDUSTRY, USED WIFE TO SELL $42 MILLION IN UDF SECURITIES AND OBTAIN $2.87 MILLION IN INVESTOR MONEY AS COMMISSIONS

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