The lawsuit alleges that Clarke engaged in a “fraudulent scheme” to mislead investors about the viability of the project. The lawsuit alleges that he did so to retain his “lucrative salary”, noting that he lobbied for a major refinancing in early 2017 and repeatedly emphasized the project’s viability.
Omni Bridgeway Class Action: Second Time AVZ Chairman John Clarke Faces Class Action Regarding Non-Disclosure, page-6
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