BOCA GROVE SUED: Country Club Allegedly Received Fraudulent Funds

Boca Raton Florida News Palm Beach County

CLAIM: Two Bankrupt Lawyers Paid More Than $200K In Country Club Dues From Law Firm Account, But Stiffed Boca Raton Creditors.

Suit Says Wife, Mom Was “Enriched” By Scheme…

Boca Grove is a residential country club community in unincorporated Boca Raton, FL. (Courtesy: BocaGrove.org).

BY: STAFF REPORT | BocaNewsNow.com

BOCA RATON, FL (BocaNewsNow.com) (Copyright © 2022 MetroDesk Media, LLC) — Boca Grove Country Club is facing a lawsuit for more than $200,000, after two attorneys are accused of using law firm funds to pay initiation and dues for personal club use, even though the firms had filed for Chapter 11 bankruptcy protection. There is no allegation that the Boca Grove Property Owners Association knowingly accepted fraudulent funds.

The lawsuit, just filed in Palm Beach County Circuit Court, claims that the Maryland Law Offices of Jonathan S. Resnick, and the Law Offices of Perry A. Resnick, both received four separate loans — all personally guaranteed — from Boca Raton financing company “KrunchKash.” The suit states that over the past few years, Jonathan S. Resnick was disbarred from practicing law in Maryland, while his father Perry A. Resnick was suspended from practicing law in Maryland, pending a disbarment trial.

The law firms filed for Chapter 11 bankruptcy protection, according to the suit, and a Trustee found no legitimate financial records for either operation. The Trustee recreated the financial records and allegedly found “fraudulent transfers (including) Boca Grove being paid for Jonathan Resnick’s and Perry Resnick’s personal country club account directly from the Law Firms’ bank accounts or indirectly through transfers…” Jonathan Resnick purchased a home in Boca Grove in 2014.

Records also allegedly revealed that Jonathan Resnick and his wife Diane Resnick purchased a second home in Boca Grove, in May of 2022, “encumbered 100-percent with two mortgages,” despite creditors being owed more than $17M. The Palm Beach County Property Appraiser confirms the home was purchased for $600,000.

The Chapter 11 bankruptcy filing was ultimately dismissed, opening the door for KrunchCash to sue to recover its funds. KrunchCash alleges that the Resnicks fraudulently transferred $238,376.00 to Boca Grove instead of repaying funds to KrunchCash. Read the complete lawsuit, below. We note there is separate action in federal court where the Resnicks are suing KrunchCash.

KrunchCash

LOCAL JOURNALISM SUPPORTER.

Paul Saperstein

 

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