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FOUNTOUKIS v. GERINGER

33 A.D.3d 756 (2006)

822 N.Y.S.2d 644

CHRIS FOUNTOUKIS, Appellant, v. MARK GERINGER et al., Defendants, and ERIC D.W. COHLER, INC., Respondent.

Appellate Division of the Supreme Court of the State of New York, Second Department.

Decided October 17, 2006.

Ordered that the order is affirmed, with costs.

The plaintiff, Chris Fountoukis, was induced by his accountant, the defendant Mark Geringer, to transfer the sum of $200,000 to the defendant Eric D.W. Cohler, Inc. (hereinafter Cohler). Fountoukis did so based upon Geringer's representation that the $200,000 purchased a tax loss that would result in a $50,000 tax credit, and that the principal sum would be fully repaid four...

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