California real estate fraud leads to billion-dollar JAMS award

Laguna Beach, California, where Honarkar built (and then lost) his property portfolio (Credit: shutterstock.com/josh gunter)

A JAMS arbitrator has awarded US$1.3 billion to a California real estate mogul after finding that he was fraudulently induced into a joint venture by his former partner, who then destroyed his property portfolio. 

Subscribe to Global Arbitration Review

Register for limited access

Register for free to receive GAR’s daily briefing and access to GAR 100.

Register now
Subscribe to unlock unlimited access

Get news, unique commentary, expert analysis and essential resources from the Global Arbitration Review experts.

Subscribe now

Already have access? Login below