'RHOBH' Star Kyle Richards' Husband Denies Committing Fraud Over $32 Million Mansion Sale

Home / The Law / 'RHOBH' Star Kyle Richards' Husband Denies Committing Fraud Over $32 Million Mansion Sale

By TheBlast Staff on April 26, 2019 at 7:16 AM EDT

The husband of "Real Housewives of Beverly Hills" star Kyle Richards is demanding the lawsuit accusing him of fraud over the sale of a $32 million Malibu mansion be dismissed.

According to court documents obtained by The Blast, Mauricio Umansky and his real estate company are moving to have the case filed by Sweetwater Malibu (the owner of the home at the center of the legal battle) thrown out.

The mansion in question had been seized by the United States government from Teodoro Nguema Obiang Mangue, who allegedly used funds stolen from his home country Equatorial Guinea (Mangue is the son of the president).

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Umansky sold the home to a man named Mauricio Oberfeld for $32.5 million. The sale was approved by the United States Government. However, the seller accuses Umansky of failing to inform him that prior to the sale, Umansky received much higher side-offers. Umansky also allegedly never disclosed he had partnered with the buyer to purchase the property.

Umansky sold the home for $69.9 million a year later, at a profit of $37 million.

Sweetwater Malibu, which is run by Teodoro Mangue, accused Umansky in their lawsuit of breaching his duties as a real estate agent and believed he did self-dealing and earned secret profits.

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In his newly filed motion to dismiss, Umansky denies all allegations of fraud and calls out Mangue. He says the home was taken from Mangue after the U.S. government found his hundreds of millions came from criminal activity.

He claims Mangue's lawsuit is nothing more than an attempt to take back the proceeds he forfeited to the United States.

He adds, "By suing Defendants and making unfounded and baseless allegations, Plaintiff repeats a strategy Obiang has used before unlawfully enriching himself by using shell companies to take money from innocent parties."

Umansky wants the whole case tossed ASAP.

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Instagram: @doritkemsley

Back in October 2018, Umansky and The Agency — and his insurance company, Western World Insurance — dismissed a separate lawsuit over the $32 million home sale.

Umansky was sued by his insurance company, Western World, who wanted the court to order they didn’t have to pay for his legal bills relating to the dispute between Umansky and the seller of the Malibu home (aka Sweetwater Malibu), claiming he had breached their contract.

Kyle Richards' husband then counter-sued the insurance company and accused them of taking the side of the seller in the dispute over the sale. He denied all allegations of wrongdoing or that he breached their deal. He demanded Western World’s lawsuit against him not move forward until the outcome of the issue with the seller.

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Umansky denied all allegations of wrongdoing and said the entire transaction was subject to terms of a settlement agreement between the seller and the United States Government.

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