One World, LLC v. Manolakos

CourtDistrict Court, D. Massachusetts
DecidedSeptember 30, 2025
Docket1:20-cv-11837
StatusUnknown

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

Bluebook
One World, LLC v. Manolakos, (D. Mass. 2025).

Opinion

UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS

) ONE WORLD, LLC and GABRIEL ) CHALEPLIS, ) ) Plaintiffs, ) ) v. ) No. 1:20-cv-11837-JEK ) IOANNIS MANOLAKOS, Individually ) and as Trustee of the T.J.S. Manolakos ) Realty Trust; QUICK MANUFACTURING ) CORPORATION; and QUICK ) PROPERTIES, LLC, ) ) Defendants. ) )

MEMORANDUM AND ORDER ON THE PARTIES’ CROSS-MOTIONS FOR SUMMARY JUDGMENT AND PLAINTIFFS’ MOTION TO SUPPLEMENT

KOBICK, J. Plaintiffs One World, LLC and Gabriel Chaleplis filed this action over four years ago to recover allegedly misappropriated funds. They claim that defendants Ioannis Manolakos, Quick Manufacturing Corporation, and Quick Properties, LLC, along with others named in separate lawsuits, committed conversion and acted as part of a broad conspiracy to steal approximately $9 million. Pending before this Court are the parties’ cross-motions for summary judgment and the plaintiffs’ motion to supplement the summary judgment record. For the reasons that follow, the plaintiffs’ summary judgment motion will be denied, the defendants’ summary judgment motion will be granted in part and denied in part, and the plaintiffs’ motion to supplement will be granted. Chaleplis lacks standing to assert claims individually on behalf of One World because the allegedly diverted funds came entirely from One World, which is a distinct legal entity with the right to sue separate from Chaleplis’ rights as its member. Quick Manufacturing and Quick Properties are entitled to summary judgment on all claims. Genuine issues of material fact preclude summary judgment on One World’s claims against Manolakos for conversion, conspiracy to commit conversion, and aiding and abetting conversion based only on his receipt of $70,948 from

One World as final payment on his loan to another entity. No reasonable jury could find in One World’s favor, however, on its other theories underlying these claims or on its separate claims for conspiracy to commit and aiding and abetting of legal fraud. The unjust enrichment claim falters in part because it is premised on the same conduct as the surviving conversion claim, which provides an adequate remedy at law. And the declaratory judgment claim falls short partially because it is duplicative of one of One World’s rejected conversion claim theories regarding the mortgage on a Boston condominium that Nikolaos Onoufriadis granted to Manolakos. BACKGROUND I. Factual Background. The following facts are either undisputed or recounted in the light most favorable to the

non-moving party, where supported by record evidence. See Roberge v. Travelers Prop. Cas. Co. of Am., 112 F.4th 45, 51 (1st Cir. 2024) (“This lens . . . do[es] not change where the parties file cross-motions for summary judgment[.]”). A. The Plaintiffs. Chaleplis, a citizen of the United Kingdom, formed One World, a Delaware limited liability company, in May 2017 to pursue investment opportunities in the United States. ECF 266, ¶¶ 1-2, 11. He and an individual named Nikolaos (“Nick”) Onoufriadis executed an operating agreement for One World in September 2017. Id. ¶ 12. Under that agreement, Chaleplis held an 80% membership interest in One World and Onoufriadis held the other 20%. Id. ¶ 13. The agreement provided for Onoufriadis to manage One World’s “business and affairs.” Id. ¶ 14. As manager, Onoufriadis had signatory authority over One World’s bank accounts. Id. ¶ 15. The agreement also appointed James Rodgers, Esq. as One World’s Corporate Secretary and Chief Legal Counsel. Id. ¶ 16.

Chaleplis effectively owns 99% of a Maltese company named B2B Gaming Services Malta Ltd. Id. ¶¶ 9-10; ECF 271, ¶ 17. B2B Gaming supplied nearly all of the funds for One World to invest. ECF 266, ¶ 17. It wired €16.78 million to Rodgers for One World between March 2018 and December 2018 and €2.5 million to One World directly in June 2019. Id. ¶¶ 25-27; ECF 266-7. Chaleplis testified that B2B Gaming wired those funds as compensation for consulting fees that it owed him, but he did not produce any consultant agreement between him and B2B Gaming. ECF 271, ¶¶ 18-19. One World and B2B Gaming also entered into two loan agreements. ECF 266, ¶ 20. On February 13, 2018, B2B’s Chief Financial Officer, Paul Milburn, emailed Chaleplis two draft loan documents between One World and B2B Gaming. Id. ¶ 21; ECF 266-8, at 2. The first is a

promissory demand note, in which B2B Gaming promised to pay One World up to €10 million, that was purportedly “EXECUTED: FEBRUARY 16, 2017”—nearly a year before Milburn’s email. ECF 266-8, at 4-10. The second is an €8.5 million loan from One World to B2B Gaming that is similarly dated February 16, 2017. Id. at 11-14. Milburn stated in the email that he preferred the second agreement that “borrowed the funds for purchase of [a] Greek permanent license when it becomes available with the possibility of conversion to equity,” and he asked that Chaleplis review both and “get it signed and repaid as [he] would prefer this to be done prior to the audit.” ECF 266, ¶ 21. That same day, Chaleplis forwarded the materials to Onoufriadis to review and sign. ECF 266-8, at 2. Onoufriadis responded two days later and attached “the executed documents,” although he signed only the loan agreement. Id. at 2, 14. Chaleplis had not signed either document on behalf of B2B Gaming. Id. at 10, 14. B. The Defendants and the Conmave Loan. Manolakos is a resident of Middleton, Massachusetts who owns Quick Manufacturing and

is the sole member of Quick Properties. ECF 266, ¶¶ 3, 5, 7. Both entities have a principal place of business at 4 Electronics Avenue in Danvers, Massachusetts. Id. ¶¶ 4, 6. Quick Properties owns that Danvers property. Id. ¶ 8; ECF 276, ¶¶ 9-10. Manolakos is the sole trustee of T.J.S. Manolakos Realty Trust, which owns the interest in Quick Properties. ECF 266, ¶ 8; ECF 276, ¶ 11. He also owns two residential properties in Greece that he inherited from his father. ECF 266, ¶ 29. In 2017, he wired money to Greece multiple times to compensate contractors working on those properties. Id. ¶ 31; ECF 276, ¶ 17. Manolakos does not have any business interests in Greece or any ownership interest in Greek companies. ECF 266, ¶ 28. He did, however, list 48 Vouliagmenis Avenue, Voula, Attica, Greece 16673 as an address for Quick Manufacturing on its website. Id. ¶ 38; ECF 271, ¶ 28. Manolakos testified that he did so for marketing purposes and to demonstrate

his Greek pride. ECF 266, ¶ 38. Manolakos met Onoufriadis in 2016, and they became good friends. Id. ¶ 33. Onoufriadis baptized Manolakos’ child, Manolakos attended Onoufriadis’ wedding, and they have vacationed together with their partners. ECF 276, ¶¶ 20, 22-24. In a February 26, 2018 text to Rodgers, Onoufriadis described Manolakos as “one of [his] closest friends in Massachusetts.” ECF 263-9, at 3. Onoufriadis and Manolakos have also engaged in joint business ventures such as IMNO Hospitality Investments LLC, which they established for Manolakos’ investment in restaurants. ECF 276, ¶¶ 21, 26, 31. In December 2017, Onoufriadis asked Manolakos to loan money to a Greek company, Conmave Monoprosopi IKE, to purchase a high-end vehicle. ECF 266, ¶ 34. Conmave buys and sells vehicles and machinery. Id. ¶ 36. It is owned by Onoufriadis’ brother, Theophilos Onoufriadis, and is located at the same Greek address that Quick Manufacturing advertised. Id.

¶¶ 36, 38; ECF 271, ¶¶ 28, 36, 38; ECF 276, ¶ 38. That same month, Manolakos agreed to loan Conmave €100,000, or approximately $118,000. ECF 266, ¶ 39. Specifically, on December 5, 2017, Manolakos executed a promissory note, agreeing to lend Conmave €100,000 in exchange for payment of that principal plus 20% interest within six months. Id. ¶ 40.1 Two days later, he wired $118,000 to Rodgers’ Interest on Lawyers’ Trust Accounts (“IOLTA”) account. Id. ¶¶ 39, 42.

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One World, LLC v. Manolakos, Counsel Stack Legal Research, https://law.counselstack.com/opinion/one-world-llc-v-manolakos-mad-2025.