Overwatch Fund Found No Support for $100M ‘Trust Transfers’, Allegations Made by Zac Richards ‘Fabricated’

AUSTIN, TX / ACCESS Newswire / February 19, 2026 / GVA Property Management, an Austin-based multifamily real estate investment and operating company, today announced that it has received an affidavit from Overwatch Fund principal Ben Loughry stating that a thorough investigation yielded no evidence to support allegations that GVA made improper transfers to defraud creditors. Zac Richards, a former GVA employee fired for cause, provided the fraudulent information that Overwatch relied on in filing their case and none of it could be verified. The lawsuit was thereafter dismissed.

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