Plaintiffs in Austin filed a lawsuit against a local dentist who allegedly collected funds for an investment opportunity and then ran off with the money. Investors were allegedly told that their thousands of dollars would be used to open multiple dental practices in Travis County. Plaintiffs also claimed that the dentist is not licensed yet and did not reveal that information when collecting funds for the investment. Plaintiffs claim that more than half a million dollars was stolen in the scam.
According to Texas State Board of Dental Examiners records, the defendant in the lawsuit surrendered his license after being accused of false advertising. His marketing materials stated that his practice had multiple elite providers when there was only one, and they also offered discounts and freebie services without disclosing actual prices.
The dentist named in the lawsuit is also named in a suit filed in Dallas. In that suit, he is accused of multiple types of fraud, breach of contract, negligent misrepresentation, breach of fiduciary duty, theft and conversion. Plaintiffs allege that these financial crimes were carried out to fund the dentist's recklessly expensive lifestyle. The incidents involve multiple locations throughout the state.
Large sums of money are often at stake during business disputes. That's why it's important for the parties involved to get legal representation whether they are plaintiffs or defendants. It's a lawyer's job to use all the evidence and resources at their disposal to strengthen their client's case. In some situations, a lawsuit may be settled out of court. However, the parties involved may need to go to court when an agreement can't be made.