A San Francisco resident has launched a significant legal battle against multiple defendants, alleging a massive fraud scheme involving unregistered securities. Yasmin Bahl filed the complaint in the Superior Court of California, County of San Francisco, on September 3, 2024, targeting Douglas M. Mox, Samier Chavez, Craig Rubino, 1 of 1 Media LLC, Chips Brand LLC, and unnamed defendants.
The lawsuit details how Bahl was persuaded to invest over $1.2 million based on false promises and fraudulent representations by the defendants. According to the complaint, Bahl had a longstanding business relationship with Mox spanning ten years. This trust led her to invest substantial sums in what she believed were profitable ventures in the CBD market. The complaint alleges that starting in May 2021, Mox introduced Bahl to investment opportunities in "CBD," assuring her of high returns and easy liquidity.
Bahl claims that she was introduced to Chavez as Mox's partner and was shown various documents and screenshots to substantiate the legitimacy of the investments. On June 22, 2021, she sent a cashier's check for $110,000 to Chips Brand LLC at Mox's request. This was followed by several other large payments totaling $1.22 million by December 8, 2021.
Throughout this period, Mox allegedly assured Bahl through texts and calls that her investments were secure and could be returned upon thirty days' notice. However, when Bahl requested the return of her funds in December 2021 and January 2022, she received numerous excuses from Mox about delays due to bank errors and COVID-19 complications.
The complaint accuses the defendants of fraud (Civil Code §3333), negligent misrepresentation (Corporations Code §§25501 & 25503), omission of facts necessary for informed investment decisions (California Corporations Code §25401), selling unqualified securities (California Corporations Code §25110), and unjust enrichment.
Bahl is seeking damages amounting to $1.22 million plus interest at a legal rate according to proof. She also requests reasonable attorney’s fees pursuant to Corporations Code §§25501 & 25503 and any other relief deemed proper by the court.
Representing herself in propria persona, Yasmin Bahl filed this case under Case No. CGC-24-617736 before Judge Marivic D. Viray at the Superior Court of California in San Francisco.