Investor wins $6 million fraud lawsuit against Shipping Tycoon

By Silvia Martelli (January 28, 2022, 17:34 GMT) — Shipping magnate George Logothetis persuaded a friend to invest in a container ship joint venture by making false claims about the deal, a court ruled on Friday. London court.

Judge Andrew Baker told the High Court that Logothetis, a US-based British businessman, and Libra Holdings Ltd. – an international conglomerate of which he is the managing director – are responsible to Swindon Holdings & Finance Ltd. for deceiving him on a joint venture to invest in container ships.

Logothetis misrepresented the nature of the corporate deal to his longtime friend, Victor Pisante, who indirectly controls Swindon and…

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