Breach of Fiduciary Duty: How did a thoroughbred bloodstock broker defraud his client?
A fast-growing thoroughbred breeding farm sought to obtain bloodstock form on the international market. The defendant broker was highly recommended and acquired high quality stock from buyers across the globe, arranging all financing and earning 5% commission. When a seller alerted plaintiff buyer it paid more than the selling price, the defendant broker and trainer’s price inflation scheme was uncovered. How was this resolved?Download Case Study