"In the second action, plaintiff Gillaspie sued Ms. Wilcher, the Trust and others for, inter alia, fraud, breach of contract, breach of fiduciary duty, conversion and violation of the federal and Arizona RICO statutes for damages of approximately $7,788,000 allegedly suffered by the plaintiff investor in an investment fraud similar to that alleged in the Marasco action detailed above. In this case, plaintiff alleges she invested $3.3 million by means of a Profit Sharing Agreement with defendant Sansea Limited, Inc. in return for a promised return of 4% per week for 40 weeks per year and that the investment would be secured by an equivalent amount in cash or bank guarantees. Plaintiff also alleges that, without her knowledge, Sansea entered into another joint venture profit sharing agreement with the Trust through Ms. Wilcher and providing that Sansea would invest $3.3 million with the Trust. Plaintiff further alleges that the $3.3 million Sansea invested with the Trust is the same $3.3 million she invested with Sansea. Plaintiff received initial payments on her investment of less than $800,000, but received no further payments. Plaintiffs' requests for repayment were all allegedly referred to Ms. Wilcher and the Trust, who have not made any payments to plaintiff. Plaintiff further alleges that her $3.3 million was converted to defendants' own uses. Gillaspie v. Sansea Limited, L.L.C., et al., Case No CIV-99-1733-PHX-ROS, United States District Court for the District of Arizona, filed on or about October 4, 1999."
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