A retired attorney has filed a complaint against attorney Richard Paul Blumberg, now a Director of Guided Therapeutics, Inc (“GTI”), ticker symbol: GTHP, to revoke Blumberg’s license to practice law in Washington State.
Dec 05, 2023
The filed disbarment complaint against attorney Richard Paul Blumberg is based on:
- Blumberg, Esq., in connection with fundraising, engaged in conduct that violated Massachusetts securities laws, Massachusetts law barring unfair and deceptive trade practices, and Massachusetts law against conspiracy.
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.
- ALLEDGES that: Mr. Blumberg, Esq., as an attorney is an officer of the court in Washington State and is held to a higher standard, and attorney Blumberg, under the pains and penalties of perjury gave his deposition testimony, (as a defendant in Civil Litigation, in Massachusetts Superior Court, GIUL, LLC vs Richard P. Blumberg), in which attorney Blumberg lied and made numerous false statements, specifically stating that he attorney Blumberg a Stanford Law Graduate, did not know the plain English definition and meaning of the word “THEY” or its context use, in an email where it was clearly being used to refence “they” the potential investor (GIUL, LLC) was a lender and had lender status. In said deposition it was proven that attorney Blumberg was in fact the original author of said email containing the word “THEY” to describe the potential investor as a lender having lender status.
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”.
- ALLEDGES that: Blumberg, Esq., as Manager of Shenghou Medical, LLC, the receiver of GIUL, LLC Plaintiff’s funds, controlled Shenghou’s Bank accounts and received from GIUL’s fund in fundraising via the Federal Wire System. It is alleged based on the below, that attorney Blumberg committed Federal Wire Fraud against the plaintiff GIUL, LLC.
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.