Reed v. Sylk CA4/2

CourtCalifornia Court of Appeal
DecidedMarch 16, 2023
DocketE077267
StatusUnpublished

This text of Reed v. Sylk CA4/2 (Reed v. Sylk CA4/2) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Reed v. Sylk CA4/2, (Cal. Ct. App. 2023).

Opinion

Filed 3/16/23 Reed v. Sylk CA4/2 NOT TO BE PUBLISHED IN OFFICIAL REPORTS California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 8.1115(b). This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

FOURTH APPELLATE DISTRICT

DIVISION TWO

DIANE REED,

Plaintiff and Appellant, E077267

v. (Super. Ct. No. PSC1801926)

ROBERT SYLK, OPINION

Defendant and Respondent.

APPEAL from the Superior Court of Riverside County. David M. Chapman,

Judge. Affirmed.

The Appellate Law Firm, Aaron Myers and Mark Kuntze, for Plaintiff and

Appellant.

Fromberg Edelstein & Fromberg and Mark W. Edelstein, for Defendant and

Respondent.

I.

INTRODUCTION

Plaintiff and Appellant, Diane Reed entered into a written contract with defendant

1 and respondent, Robert Sylk. They agreed Sylk would provide Reed with contacts who

might fund her prospective business venture. In return, Reed paid Sylk a non-refundable

$15,000 fee. Although Sylk introduced Reed to several prospective lenders, Reed

ultimately did not receive any money or loans needed to fund her business venture. Reed

sued Sylk and his business partner, John Dunn, for damages and injunctive relief,

claiming (1) violations of Business and Professions Code section 17200 (unfair and

fraudulent business practices), (2) fraud, and (3) financial elder abuse.

Reed appeals from a defense judgment entered in favor of Sylk, following a court 1 trial. Reed contends the trial court erred in sustaining defense counsel’s parol evidence

objection to Reed testifying regarding statements Sylk made when Reed entered into the

contract. Reed also argues the trial court abused its discretion by excluding evidence that

Sylk was unable to secure for himself a $35,000 personal loan. We reject Reed’s

contentions and affirm the judgment.

II.

FACTS AND PROCEDURAL BACKGROUND

A. Reed’s Complaint Allegations

On April 4, 2018, Reed filed a complaint for damages and injunctive relief against

Reed and John Dunn (Defendants). In her amended complaint, Reed alleged that in

January 2014, she called Sylk and asked him if he knew of someone who could help her

1 Before trial, Dunn entered into a settlement agreement with Reed and was dismissed from the case with prejudice.

2 with her business plan for a health spa business. During the conversation, Sylk

“indicated that if [Reed] needed money for the business, then he could get [her] a $10

million loan through wealthy investors if [she] provided an upfront $15,000 payment.”

Reed and Sylk entered into a written contract (Contract) in March 2014, which

allegedly provided that Sylk would receive a non-refundable $100,000 retainer fee, with

$15,000 paid by Reed as an up-front, non-refundable retainer fee and $85,000 to be paid

at closing of the loan. Under the Contract, Sylk was also to be paid seven percent of the

gross loan. Reed paid Sylk the $15,000 non-refundable retainer fee and Sylk introduced

Reed to a couple of potential investors and lenders, including Timothy Coffin of Eastgate

Capital.

Coffin sent Sylk a document, which Sylk forwarded to Reed, indicating Eastgate

Capital had the “ability to fund a $10,000,000 loan upon approval from the company’s

underwriting department and proof of $150,000 in liquid funds.” Sylk advised Reed that

she could get the loan funded by obtaining $150,000 from various funding sources, such

as Don Messenger and his group of investors (Don’s Group), and Dunn, Sylk’s business

partner. Eastgate Capital allegedly “did not offer or have the ability to fund a

$10,000,000 loan.”

Sylk also introduced Reed to Dunn, who said that he, Sylk, and a business partner

from East India were purchasing Genoa Lakes resort in Nevada, and after those

negotiations were completed, Reed could open her health spa at the resort. Reed created

a business plan, developed project renderings, and hired an attorney to negotiate a

3 contract with Defendants. Thereafter, Reed was told that Genoa Lakes was not for sale.

Reed believed there was no business partner from East India or any planned purchase of

Genoa Lakes resort.

Sylk next introduced Reed to Messenger. Messenger told her there was no “Don’s

Group” and he could not provide $150,000 in liquid funds at that time. After Defendants

ceased all contact with Reed, in July 2017, Reed contacted the police.

Reed alleges in the first cause of action that Defendants engaged in the unfair and

fraudulent business practice of receiving $15,000 for services they knew they could not

render. They also made false representations they could put Reed in contact with

investors to fund her business venture and undertook an advanced-fee, loan scheme that

charged excessive fees.

Reed alleges in the second cause of action for fraud that Defendants falsely told

her they could assist her in obtaining a $10 million loan to fund her proposed business

venture. They also falsely stated that they were in the process of purchasing Genoa

Lakes resort, where Reed could open her health spa. In reliance on these false

statements, Reed paid Defendants a $15,000 upfront fee and incurred substantial

expenses in furtherance of her business venture. Reed believes Defendants were

insolvent based on their requesting and receiving fee waivers from the court in this case.

As to the third cause of action for financial elder abuse, Reed alleges that she is over 65

years of age, and Defendants defrauded her out of $15,000.

4 B. Court Trial

In April 2021, the trial court conducted a three-day bench trial of Reed’s lawsuit

against Sylk. During the trial, Reed and Sylk testified and presented documentary

evidence.

1. Reed’s Testimony

Reed testified during the trial to the following. After Reed saw Sylk on television

running for mayor of La Quinta, she believed he was well connected. Reed called Sylk

because she thought he could help her with financing her spa project by putting her in

contact with people who could finance her business venture. Sylk told her he knew a

wealthy man who could loan her money for her business. Sylk said he could secure a $10

million loan for her but there would be a fee. He suggested she go to the monthly

Concerned Citizens of La Quinta meeting, where she met him. Reed also checked out

Sylk’s website, which stated in detail his accomplishments, including involvement in

casinos and other businesses. This was consistent with Sylk’s statements to Reed on the

phone that he had substantial connections with businessmen who had casinos and

destination resorts. Sylk told her he knew extremely wealthy men who wanted to invest

in local businesses. He also said he was very experienced in business.

At the Concerned Citizens of La Quinta meeting Reed attended, Sylk told Reed he

knew an extremely wealthy man named Swarmi, who was going to purchase with Dunn a

resort called Genoa Lakes. At some point, Sylk told Reed the $10 million loan would

require she have $150,000 to $300,000 in liquid funds. Reed told Sylk she did not have

5 that amount and that she would need to obtain credit from her home reverse mortgage.

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

Related

College Hospital, Inc. v. Superior Court
882 P.2d 894 (California Supreme Court, 1994)
People v. Watson
299 P.2d 243 (California Supreme Court, 1956)
DVD Copy Control Assn., Inc. v. Kaleidescape, Inc.
176 Cal. App. 4th 697 (California Court of Appeal, 2009)
Cassim v. Allstate Insurance
94 P.3d 513 (California Supreme Court, 2004)
Martinez v. Department of Transportation
238 Cal. App. 4th 559 (California Court of Appeal, 2015)
Citizens for Open Government v. City of Lodi
205 Cal. App. 4th 296 (California Court of Appeal, 2012)
Twenty-Nine Palms Enterprises Corp. v. Bardos
210 Cal. App. 4th 1435 (California Court of Appeal, 2012)
IIG Wireless, Inc. v. Yi
231 Cal. Rptr. 3d 771 (California Court of Appeals, 5th District, 2018)

Cite This Page — Counsel Stack

Bluebook (online)
Reed v. Sylk CA4/2, Counsel Stack Legal Research, https://law.counselstack.com/opinion/reed-v-sylk-ca42-calctapp-2023.