CICCARELLI v. GUARANTY BANK

No. 02CA2335.

99 P.3d 85 (2004)

Victor CICCARELLI and Barbara Ciccarelli, Plaintiffs-Appellees, v. GUARANTY BANK, Defendant-Appellant.

Colorado Court of Appeals, Div. V.

Certiorari Denied October 4, 2004.


Attorney(s) appearing for the Case

Kutner Miller Kearns, PC, Lee M. Kutner, David M. Miller, Denver, Colorado, for Plaintiffs-Appellees.

Podoll & Podoll, PC, Robert C. Podoll, Greenwood Village, Colorado, for Defendant-Appellant.


Opinion by Judge RUSSEL.

In this fraudulent transfer and unjust enrichment action, defendant, Guaranty Bank, appeals the judgment in favor of plaintiffs, Victor and Barbara Ciccarelli. We reverse and remand.

In 1996, Chance Northern, LLC owned 99% of both Chance I Bingo, LLC, and Chance II Bingo, LLC. Chance Northern had no other assets and existed solely as a holding company.

In April 1996, Guaranty Bank made a $250,000 loan to Chance Northern. Chance...

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