Harvard Lawyer Swindled $2m, Blew it Playing in Casinos

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Tim Damiani stole thousands and thousands from Aysun Kibar, promising an actual property funding and passports to the UK. [Image: Shutterstock.com]

Harvard grad wastes fortune in casinos

A Harvard-educated lawyer swindled £2m ($2.4m) from of a Turkey-born girl after which blew the cash playing at casinos.

satisfied Aysun Kibar to speculate £1.5m ($1.8m) in a luxurious residence she had by no means seen

Tim Damiani, 69, satisfied Aysun Kibar to speculate £1.5m ($1.8m) in a luxurious residence she had by no means seen in Mayfair, an prosperous space of west London, England. The property is now valued at £12.6m ($14.9m).

Southwark Crown Courtroom not too long ago heard that when Kibar requested for a return on the cash she “invested,” Damiani instructed her that he didn’t know what she was speaking about. He was extradited from Italy in 2020 on the request of the UK authorities and stays on trial.

Pretend passports and property

Kibar comes from a wealthy household that owns Turkish export firm Kibar Holdings, the place she serves on the board of administrators. Prosecutor Sophie Stannard acknowledged that she has an annual earnings of $300,000.

Kibar and Damiani’s spouse grew up as shut mates. They met in Turkey after they had been 13 and remained involved of their grownup lives.

as far she was involved they had been her good mates and he or she had no cause to not belief them”

“As Ms. Kibar understood it, the defendant got here from an prosperous household and he was very effectively linked,” stated Stannard. “He was a lawyer and went to Harvard. Ms. Kibar visited Mr. Damiani and his spouse in Milan (Italy) and Switzerland and Cambridge (England) and so far as she was involved they had been her good mates and he or she had no cause to not belief them.”

Throughout a 2016 go to to England, Kibar talked about that she was contemplating a transfer to the UK as a consequence of instability in Turkey on the time. Damiani stated that he had expertise buying British residency and would help her within the transfer for £300,000 ($353,900), allegedly to cowl the price of passports for her and her two kids.

Damiani additionally allegedly requested unverified contacts in Rome if they might create passports for her total household and got here again with a determine of £80,000 ($94,500). 

He then instructed her in regards to the multi-million-dollar Mayfair property, which he satisfied her to co-invest in. He stated that the Arabian proprietor wanted to promote the property rapidly after a falling out together with his mistress and so they couldn’t do an inside inspection due to the delicacy of the state of affairs.

An unmet request

Kibar transferred £1.5m into Daminai’s account on September 29, 2016. Her cash by no means went towards buying the property and he or she by no means acquired the passports for which she paid.

“Just a few weeks glided by and Ms. Kibar grew to become involved that she had heard nothing extra in regards to the passport or completion of property,” stated Stannard. “Ms. Damiani did her personal analysis and realized the property was price far more than stated and found the property was linked to Mr. Damiani’s brother.”

Lower than two weeks after sending the switch, Kibar despatched an e-mail asking for the cash to be returned to her checking account. Damiani replied that she would have it in 2-3 days, however by no means fulfilled his promise.

instructed the financial institution that he had no thought what Kibar was speaking about

In January 2017, Kibar’s financial institution contacted Damiani’s lawyer inquiring in regards to the lacking cost. Damiani instructed the financial institution that he had no thought what Kibar was speaking about and that she, in truth, owed him cash, having spent hers playing in casinos.

“Mr. Damiani had dissipated Kibar’s cash and spent simply shy of half one million in casinos, gave £76,500 ($90,200) to his kids and never a single penny returned to Ms. Kibar,” stated Stannard.

Damiani is refuting three prices of fraud. His ongoing trial is without doubt one of the largest circumstances in English courts.

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