ATLANTA, May 15, 2015 /PRNewswire/ -- An elderly Athens-Clarke County, Ga. woman accuses real estate investor Pridgen Enterprises, Inc. and its CEO of defrauding her in a loan scheme in which she lost her paid-off home to them, according to The Doss Firm, LLC.
Janet H. Anthony and The Janet H. Anthony Family Trust filed a lawsuit in Athens-Clarke County Superior Court against Pridgen Enterprises, Inc. and Jimmy E. Pridgen. The lawsuit alleges the Comer, Ga.-based Pridgen defendants promised to structure a financial transaction that would be more favorable for her than the reverse mortgage proposal that she was considering.
According to the lawsuit, the Pridgen defendants exploited Ms. Anthony by concocting a fraudulent scheme made to resemble a reverse mortgage. The alleged scheme resulted in the Pridgen defendants taking title to Ms. Anthony's home by falsely promising to loan her a lump sum amount of approximately $76,000 and pay taxes and insurance on the property.
Instead, the lawsuit asserts, the Pridgen defendants charged her 10 percent interest on money she never received and they required her to pay property taxes for 10 years on the house they now own. Mr. Pridgen, who has known Ms. Anthony for 40 years, was trustee of her family trust.
Attorney Jason R. Doss, of The Doss Firm, LLC, said, "This is a case about the financial exploitation of Janet Anthony by defendants who represent themselves as trustworthy professionals. We allege the Pridgen defendants, through a series of deceptive practices, defrauded Ms. Anthony and simply took her home and her financial security."
The Anthony claim alleges violations of Georgia Fair Business Practices Act, breach of trust, breach of fiduciary duty, aiding and abetting breach of fiduciary duty, fraudulent misrepresentation and concealment, aiding and abetting fraud, conspiracy to defraud, negligence, and unjust enrichment.
Doss added, "Our investigation of Pridgen Enterprises, Inc. and Jimmy E. Pridgen continues."
The case is "Janet H. Anthony and The Janet H. Anthony Family Trust vs. Pridgen Enterprises, Inc., and Jimmy E. Pridgen," Civil Action File No. SU15CV0469 in the Superior Court of Athens-Clarke County, Georgia.
Attorney Contacts: Jason R. Doss and Samuel T. Brannan, The Doss Firm, LLC, 855.436.7752, www.dossfirm.com.
SOURCE Doss Firm, LLC