Beware of David Lawver: A Case of Fraudulent Investment Practices

The legal case of “Boris Iofis vs. David Lawver et al,” filed on December 5th, 2023, in Santa Clara County, California, exposes the fraudulent and deceptive actions of David Lawver, who engaged in a calculated scheme to defraud investor Boris Iofis. The complaint reveals a pattern of deceit and unethical behavior, underscoring why others should be wary of investing with Lawver.

A Deceptive Investment Scheme

David Lawver presented himself as a reputable and successful investor, luring Boris Iofis into an investment agreement under false pretenses. He claimed to have numerous profitable business ventures and provided fabricated financial statements and business plans to back up his claims. These documents, later discovered to be entirely falsified, were central to his scheme to secure Boris’s investment.

Intentional Fraud and Misrepresentation

From the outset, David Lawver knew that the investment would not yield the promised returns. Despite this, he deliberately misled Boris with the intention of securing funds for personal gain. Lawver’s actions were not just negligent; they were part of a premeditated plan to defraud.

• False Promises: Lawver made grand promises about the profitability of the investment, knowing full well that the ventures were either deeply in debt or completely non-existent.
• Fabricated Documents: He went to great lengths to create fake financial statements and business plans, designed to deceive Boris into believing the investment was sound.

Misuse of Investment Funds

Rather than using the invested funds as promised, David Lawver diverted the money for his own personal use. This included luxury purchases and paying off his own debts, leaving Boris with significant financial losses. Lawver’s actions demonstrate a blatant disregard for the trust placed in him and highlight his willingness to exploit others for personal gain.

Breach of Trust and Fiduciary Duty

By entering into an investment agreement, David Lawver owed a fiduciary duty to act in the best interests of Boris Iofis. Instead, he betrayed this trust by engaging in fraudulent activities. This breach of fiduciary duty is a serious offense, further illustrating Lawver’s unethical and deceptive nature.

A Warning to Potential Investors

The fraudulent actions of David Lawver in this case serve as a stark warning to others. He has shown himself to be a dishonest individual, willing to lie, fabricate, and manipulate to achieve his own ends. Anyone considering an investment with David Lawver or any of his associated entities should reconsider, as his track record clearly demonstrates a pattern of deceit and financial misconduct.

Conclusion

The case against David Lawver is ongoing, but the evidence already presented paints a clear picture of his fraudulent behavior. By sharing this information, we hope to prevent others from falling victim to his schemes and to hold him accountable for his actions.

For detailed information and to follow the case proceedings, you can access the full legal complaint here.