Friday, April 18, 2008

Thanks for the publicity

When Alan Gorsuch was sued for fraud and misrepresentation in 1999 in the Titanic boat ticket auction, one of the reasons why he was found guilty of fraud and misrepresentation was that it was seen that he misrepresented the possible value of the ticket.
The man who originally sold the ticket to Alan had no clue what the possible value might be. Alan allowed the man to "name his price". He did. Alan auctioned the ticket.
Made bank. Big Big Bank.
How to judge if something was a case of fraud is that a buyer of the widget has to prove they did the best they could to give the seller of the widget a fair price. The court found Alan didn't do that.

When I was taking law classes, in my Litigation class, we studied the Gorsuch case as one that is so Crystal clear about what constitutes legal fraud.

I think about this all the time. I buy stuff. But unlike Gorsuch, I have little expertise in anything but crackpots, liars and vintage clothes.
Oh, I also know a lot about children, gardening, and marriage.
I know a lot about loyalty.
I know a lot about Good Faith.

If you want to read the trial documents and make up your own mind, click the link!
Court of Appeals Division II State of Washington
Opinion Information Sheet

Docket Number: 26013-1-II
Vern Westby, Respondent
Alan and Cheryl Gorsuch etal, Appellants

Pierce County Superior Court Civil Case 99-2-08134-5

Case Type: Commercial
Access: Public
Track Assignment: Standard
Jury Size: 6
Estimated Trial Length: 4.0 days
Dept Judge: 09 SERGIO ARMIJO
Resolution: 12/14/2000 Jury Verdict after Trial
Completion: 03/09/2001 Judgment/Order/Decree Filed

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