The filed disbarment complaint against attorney Richard Paul Blumberg is based on:
Messrs. Mark L. Faupel, now President and Chief Executive Officer of GTI GTHP, as well as Richard P. Blumberg, Esq., an attorney from the Seattle, Washington area, Blumberg now a Director of GTI GTHP, and Blumberg, Esq., and the other defendants brought a motion for summary judgment to try and end GIUL’s claims against them without trial. A judge of the Massachusetts Superior Court has now ruled denying the motion for summary judgment as to the securities claim, the unfair and deceptive trade practice claim, and the conspiracy claim and permitted these three claims to go to trial.
It is also alleged that attorney Blumberg made numerous other false statements and misrepresentation to the manager of GIUL, LLC, Plaintiff, in Plaintiff’ s ordinary business dealings with attorney Blumberg, as manager of Shenghou Medical LLC now known as “K2”.
Mark L. Faupel, now President and Chief Executive Officer of GTI GTHP, at the time of GIUL, LLC wiring in its funds, was in full possession and control of Shenghou Medical, LLC’s Check Book checking account.
Messrs. Mark L. Faupel now President and Chief Executive Officer of GTI, as well as Richard P. Blumberg, Esq., an attorney from the Seattle, Washington area, Blumberg now a Director of GTI, are being sued for their conduct and representations in connection with fundraising, whereby it is alleged that they both engaged in conduct including written and oral representation made to Plaintiff that violated Massachusetts securities laws, Massachusetts law barring unfair and deceptive trade practices, and Massachusetts law against conspiracy. The Court has now scheduled trial for March of 2024.