Larry Foote awarded $1.2M in scam
Attorney Jim Acho says Foote invested more than $400,000 with two men who claimed to have parking contracts at Somerset Collection in Troy and Twelve Oaks Mall in Novi. He says there were no such deals.
Foote, a Detroit native, filed a lawsuit in Wayne County Circuit Court. A default judgment was entered against the men, who never responded to the lawsuit. Judge Lita Popke awarded Foote more than $1 million Friday. Under Michigan law, financial damages can be tripled.
Acho says Foote is conservative with his money but was misled. The lawyer says collecting the judgment will be tough.
Copyright 2012 by The Associated Press
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