
A case of a business investor being sued for fraud after raising money for their business.
Summary of the case (Facts) The client was approached by an acquaintance to raise funds for a business. The other party presented a business proposal stating that if the client raised a certain amount of funds, they would raise a larger amount of funds and share the profits. The client fulfilled the obligation to raise funds in accordance with the agreement, but the other party did not fulfill their obligations and sued the client for fraud, claiming that the client had misappropriated the amount of funds. The client approached Ongang Law Firm. Case Issues (Case Features) The main issues in this case were the nature of the payment and whether or not the client engaged in fraudulent behavior, and whether or not the other party defaulted on its obligations and made false claims. Onkang's Assistance in the Case Onkang's lawyers closely consulted with the client from the beginning of the case to understand the details of the case.