Overview
- The Jan. 30 complaint filed in U.S. District Court for Arizona names Tosh Berman, Michael Tanha and CFO Mahdiar Karamooz, who oversee Casa Madera in West Hollywood and Toca Madera locations in Arizona, Nevada and Florida.
- According to the suit, investor money financed airfare for OnlyFans models, a $5 million Miami home, an Aspen ranch with furnishings, luxury cars including a Ferrari and a Maybach, a high‑priced Miami rental, global travel and a wakeboard boat.
- Plaintiffs allege the owners kept roughly $3 million paid by inKind instead of using it to offset discounted credits, shifting the financial impact to investor-backed entities.
- The complaint claims Toca Madera buyouts for Super Bowls LVII and LVIII were reported at $600,000 on a $1.3 million fee in one instance, with the remainder allegedly diverted for the owners’ benefit.
- Investors cite stonewalled records requests in May and June 2024 followed by a Scottsdale entity’s suit and partial disclosures, and they bring securities‑fraud and RICO claims seeking damages, fees and an asset trust, while a defense attorney has called the case meritless.