Background

• The case involves the Plaintiffs financing luxury vehicle purchases, alleging fraud and misconduct by the Defendants.
• A Mareva injunction was issued on May 1, 2023, to prevent asset dissipation by the Defendants.

Key Findings and Orders

1. Contempt of Court:
   • Defendant Yangguang Lin (Sony Lin) was held in contempt for non-compliance with court orders, including failing to provide vehicle financing information and attend court.
   • Lin was sentenced to 30 days in jail and barred from participating further in the case until costs were paid.
2. Default Judgment:
   • A default judgment was granted against the Lin Defendants, including Yangguang Lin, for failing to defend themselves, awarding the Plaintiffs over $4,000,000.
3. Fraudulent Misrepresentation and Conspiracy:
   • The Lin Defendants were found guilty of fraudulent misrepresentation and conspiracy by misrepresenting vehicle ownership and securing loans with false claims.
   • Plaintiffs were deceived into funding based on these false documents.
4. Costs and Indemnity:
   • The court awarded substantial indemnity costs to the Plaintiffs due to the Defendants' contemptuous conduct.
5. Mareva Injunction:
   • The Mareva injunction was vacated after the default judgment, having preserved assets during the litigation.

Monetary Awards

• Damages: Over $4,000,000 for breach of contract, fraudulent misrepresentation, and conspiracy.
• Costs: Totaling approximately $219,790, with additional post-judgment interest ranging from 5.3% to 7%.

Conclusion The Plaintiffs succeeded, securing over $4,000,000 in damages and around $219,790 in costs and disbursements, plus interest.