Abbas v. Mikosz

CourtDistrict Court, N.D. Illinois
DecidedDecember 6, 2023
Docket1:23-cv-01691
StatusUnknown

This text of Abbas v. Mikosz (Abbas v. Mikosz) is published on Counsel Stack Legal Research, covering District Court, N.D. Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Abbas v. Mikosz, (N.D. Ill. 2023).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION SYED ABBAS, ) ) Plaintiff, ) No. 23 C 1691 v. ) ) Judge Virginia M. Kendall PAGE STREET PROPERTIES LLC, et al., ) ) Defendants. ) )

MEMORANDUM OPINION AND ORDER Plaintiff Syed Abbas claims Defendants Laurena “Lori” Mikosz and Marcin Chojnacki tricked him into buying two run-down apartment buildings. While holding themselves out as Abbas’s real-estate brokers, Mikosz and Chojnacki allegedly fed him false assurances about the buildings’ condition and profitability. Behind the scenes, Mikosz’s and Chojnacki’s associates, the remaining Defendants, through “puppet entities,” bought the buildings and resold them to Abbas at a significant markup. Abbas sued, alleging violations of the Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. §§ 1962(c), (d), and various state-law claims. (Dkt. 1). Defendants now move to dismiss. (Dkt. 55). For the reasons below, the motion [55] is denied. BACKGROUND In November 2021, Plaintiff Syed Abbas, a California resident, saw an advertisement on social media for CitiPoint Properties (“CitiPoint”). (Dkt. 1 ¶ 26).1 According to the advertisement, CitiPoint helped real-estate investors find “undervalued and underperforming properties”—so- called “directly sourced” properties. (Id. at ¶¶ 26–27). The advertisement promised “rapidly

1 At the time, CitiPoint was an “unincorporated enterprise,” organized by Defendant Marcin Chojnacki, that appeared to be a real-estate investment firm. (Id. at ¶ 19). Later, on December 28, 2022, CitiPoint reorganized as Citypoint Illinois, LLC, which is owned and controlled by nonparty Citypoint Group, Inc. (Id.) increasing equity and high cash flow.” (Id. at ¶ 26). Responding to the advertisement, on November 10, Abbas sent a message to CitiPoint. (Id. at ¶ 28). Chojnacki replied from Illinois, and the two developed “sustained text and phone interactions” about CitiPoint. (Id. at ¶ 29; Dkt. 1-1). Chojnacki invited Abbas to a Zoom meeting with himself and Defendant Lori Mikosz. (Id.

at ¶ 31; see Dkt. 1-1). During this meeting, Mikosz and Chojnacki introduced themselves as real- estate brokers for Chase Real Estate LLC (“Chase RE”), an affiliate of CitiPoint. (Id. at ¶ 31). They explained that Abbas could purchase underperforming buildings directly from local “mom and pop landlords” on the verge of retirement. (Id. at ¶ 34). Mikosz and Chojnacki led Abbas to believe that they would represent him as agents and brokers of Chase RE, and “the transactions would be safely negotiated and consummated under the auspices of Chase Real Estate.” (Id. at ¶¶ 32, 35). At the time, the CitiPoint website was “a virtual reflection” of Chase RE’s website. (Id. at ¶ 33). Mikosz and Chojnacki sent Abbas information about two apartment buildings, which Abbas later purchased: 12925 Page Street, Blue Island, Illinois (the “Page Property”) and 1017– 1021 West Columbus Drive, East Chicago, Indiana (the “Columbus Property”). (Id. at ¶¶ 30, 53).

First, Chojnacki sent Abbas a link to a page on the CitiPoint website, which showed that the Page Property had a positive cash flow and was fully rented. (Id. at ¶ 30). The webpage promised even greater cash flow if the investor used Chojnacki’s property-management company, Mainstreet Property Management (“Mainstreet”). (Id.) Mikosz and Chojnacki further represented that the Page Property was in good condition, fully leased, and would be profitable if Abbas purchased it from the retiring “mom and pop” seller for the “bargain” price of $525,000. (Id. at ¶¶ 37, 40). When Abbas inquired about the cost of potential repairs through text message, on December 9, 2021, Mikosz replied “$0. No need to do any repairs. 0$.” (Id. at ¶ 44; Dkt. 1-5). During their dealings, Mikosz and Chojnacki “continued to describe [themselves] to Abbas as his real estate agent[s] and representative[s].” (Dkt. 1 ¶¶ 49–50). Relying on Mikosz and Chojnacki’s representations, Abbas entered an agreement to purchase the Page Property on November 13, 2021. (Id. at ¶ 51). Second, by email dated November 16, 2021, Mikosz and Chojnacki asked Abbas to invest

in the Columbus Property, another property purportedly owned by a retiring “mom and pop” landlord. (Id. at ¶¶ 53, 55; Dkt. 1-4). Mikosz and Chojnacki provided a detailed cash-flow analysis showing that the property would be profitable at a purchase price of $612,000. (Id. at ¶ 56). In a text-message exchange on December 8, 2021, Mikosz told Abbas that the seller had offered a $15,0000 closing credit, which Mikosz thought was “fair as we got a big discount already from the purchase price.” (Id. at ¶¶ 58–60; Dkt. 1-7). In the same exchange, Mikosz said the property was in good condition, writing, “[a]t the moment, no need for repairs except for touch ups.” (Dkt. 1 ¶ 61; Dkt. 1-7). Believing Mikosz and Chojnacki, Abbas entered an agreement to purchase the Columbus Property on November 17, 2021. (Id. at ¶ 62). Chase RE received a commission of $18,375.00 from the closing on both Properties. (Id. at ¶ 73).

Throughout the dealings with Abbas, Defendant Rebecca Irwin acted on behalf of Defendants Grand Columbus EC LLC (“Grand Columbus”), Page Street Properties LLC (“Page Street”), and Midwest Title and Closing Services LLC (“Midwest Title”). (Id. at ¶ 80). Through Midwest Title, Irwin provided “registered agent services to the various puppet entities”; she housed “various legal operations” relating to the entities and deals; and she charged Abbas a fee for “closing coordination.” (Id. at ¶ 81). Midwest Title—managed by Irwin and nonparty XYZABC, Inc., of which Irwin is the president—shares office space with Irwin, Chojnacki, Mikosz, Mainstreet, Defendant Robert Rixer and Defendant EJ Investment Group Inc. (“EJ Investment”), which manages Mainstreet. (Id. at ¶¶ 13–16, 82). After purchasing, Abbas learned that neither Property was owned by a “mom and pop” seller. (Id. at ¶ 76). Nor were the purchase prices a “bargain.” Page Street—managed by Defendant TCF National Holdings, Inc. (“TCF National”), which is owned and controlled by Chojnacki’s roommate and “paramour” Defendant Kathleen Long—purchased the Page Property for $380,000

in December 2021, and resold it to Abbas for $525,000. (Id. at ¶¶ 6–7; 71–72). Another entity, Grand Columbus—owned and managed by Illinois Assets LLC, which Chojnacki and Rixer own and control—purchased the Columbus Property for approximately $500,000 in May 2021 and resold it to Abbas for $612,000. (Id. at ¶¶ 9–10, 62, 76–77). To boot, neither property was fully leased nor current in rent; instead, both buildings were partially vacant with multiple tenants in eviction proceedings or arrears. (Id. at ¶ 68). Abbas has needed to pursue “numerous” additional eviction proceedings against delinquent tenants. (Id. at ¶ 89). Abbas has also discovered that Defendants did not follow Blue Island inspection and real- estate transfer requirements, and the Properties were not up to building code. (Id. at ¶ 87). As a result, Abbas has incurred fines and citations. (Id. at ¶ 88). He has also needed to perform

“significant repairs at a substantial expense.” (Id. at ¶ 112). Despite these issues, Defendants, through Mainstreet, have charged Abbas for unexplained costs and withheld any funds that tenants have paid. (Id. at ¶ 90). Defendants have also tried to “repeat the scam” by offering Abbas additional properties. (Id. at ¶ 91). Defendants have allegedly scammed at least four other investors like Abbas. (Id. at ¶¶ 92–93). On January 10, 2023, Abbas confronted Chojnacki by email: “You bought these buildings at a discount and sold them to me at a premium, all while making a commission in the process. Isn’t that correct?” (Id. at ¶ 66; Dkt. 1-9).

Free access — add to your briefcase to read the full text and ask questions with AI

Related

United States v. Turkette
452 U.S. 576 (Supreme Court, 1981)
H. J. Inc. v. Northwestern Bell Telephone Co.
492 U.S. 229 (Supreme Court, 1989)
Reves v. Ernst & Young
507 U.S. 170 (Supreme Court, 1993)
Salinas v. United States
522 U.S. 52 (Supreme Court, 1997)
Rotella v. Wood
528 U.S. 549 (Supreme Court, 2000)
Boyle v. United States
556 U.S. 938 (Supreme Court, 2009)
Jay E. Hayden Foundation v. First Neighbor Bank, N.A.
610 F.3d 382 (Seventh Circuit, 2010)
United States v. Green
648 F.3d 569 (Seventh Circuit, 2011)
Nelson v. Napolitano
657 F.3d 586 (Seventh Circuit, 2011)
Michael Deguelle v. Kristen Camilli
664 F.3d 192 (Seventh Circuit, 2011)
Deborah Baker and Richard Enyeart v. Ibp, Inc.
357 F.3d 685 (Seventh Circuit, 2004)
Reichle v. Howards
132 S. Ct. 2088 (Supreme Court, 2012)
United States Ex Rel. Lusby v. Rolls-Royce Corp.
570 F.3d 849 (Seventh Circuit, 2009)

Cite This Page — Counsel Stack

Bluebook (online)
Abbas v. Mikosz, Counsel Stack Legal Research, https://law.counselstack.com/opinion/abbas-v-mikosz-ilnd-2023.