A state court judge in Florida entered a final judgment to enforce an eight-figure settlement agreement obtained by a Miami attorney for his client who was allegedly swindled out of millions of dollars in an estimated $200 million Ponzi scheme involving predominately Venezuelan investors by an investment adviser and broker.
Michael Padula of Padula Law in Miami represents the plaintiff, Ferminz Suarez, who had approximately $22 million stolen from him by the defendant, Andrew Jacobus, the sole principal and owner of co-defendants FINSER International Corp. and FISNER Asset Management LLC.
Michael Padula of Padula Law. (Courtesy photo)
“I’m glad the courts have taken action to make my client whole,” Padula said. “I am concerned that Jacobus has taken advantage of other investors. I hope the courts, through the legal process, will continue to hold the company and Jacobus accountable so other investors are made whole to whatever extent possible.”
Andrew Beaulieu, a partner at Avila Rodriguez Hernandez Mena & Garro in Miami who represents the defendants, did not respond to a request seeking comment.
Now, Miami-Dade Circuit Judge Thomas J. Rebull entered final judgment of $18.45 million.
The case dates back to March 2017, when Jacobus, who has over three decades of experience in global asset management, told Suarez that $17 million of the $22 million would…