Peters v. Gallun, et al. was filed in the Central
District of California on February 18, 2021, claiming civil damages
for violations of securities law, breach of contract, and
conversion.
Plaintiff is an individual working as a movie producer in
California ("Peters"). The defendants are an individual
acting as a business manager and equine sales agent
("Gallun") and Gallun's limited liability
company.
Peters alleges that Gallun acted as a consultant and confidante
in Peters' family's equestrian business, but later
solicited Peters into investing $450,000 in two no-risk, high
return opportunities. The first, which promised 10% of his capital
every six weeks and a one-month call option, involved shipping
grains between the United States and Europe for which the
investor's capital fronted the shipping costs and in return he
was to receive a profit once accepted. The second, which promised a
90-day return of capital with an 8% return, involved selling
