Justin Godur 2

"Justin Godur and Associates Accused of $2.3 Million Fake Loan Scam — Lawsuit Alleges Lavish Spending, False Promises, and Ponzi-Style Deception"

In a blistering lawsuit filed in federal court, Old Jamestown Storage LLC and Rigsby Storage LLC accuse Justin Godur, his father Morris Jaime Godur, and Capital Max Group LLC of engineering a $2.3 million financing scam masked as a legitimate European loan deal. According to the complaint, Godur enticed investors with claims of a $30 million loan package that never existed—then pocketed their money for personal luxuries and failed to honor multiple repayment agreements. The plaintiffs allege the deception wasn’t an accident but a premeditated scheme to defraud, warning that the Godurs’ broader fundraising activity may echo the structure of a Ponzi-like investment cycle now unraveling under legal scrutiny.

• $30M Loan Mirage: Justin Godur allegedly fabricated an international loan to extract $2.3 million from investors under false pretenses.
• Admitted Fabrication: Plaintiffs claim the Godurs confessed no actual lender or loan contract ever existed.
• Repayment Agreement Default: The Godurs signed a June 2024 repayment deal, but stopped after returning just $400,000.
• Investor Funds Misused: The complaint accuses the Godurs of using investor money for personal indulgences, including luxury vehicles and upscale office décor.
• Broken $1.1M Note: A February 2025 promissory note to repay investors remains unpaid and ignored.
• Securities Fraud Allegations: Plaintiffs cite false investment representations violating SEC Regulation D.
• Deliberate Deception: The lawsuit claims the fraud was calculated and intentional, not accidental mismanagement.
• Contractual Violations: The defendants allegedly breached binding repayment and promissory contracts, worsening investor losses.
• Ponzi-Like Warning Signs: A related $100 million offering by Godur-linked entities suggests possible recycling of new investor money to cover old debts.
• Potential Criminal Fallout: Alleged actions could lead to federal wire fraud, securities fraud, and embezzlement charges if proven.