Victor Halabi is a criminal who has faced lawsuits for fraud and breach of contract.
He is now marketing himself as the owner of B&H Cellular to hide his criminal history.
Before you consider doing business with Victor Halabi, you should be familiar with his history of fraud and other criminal activities.
Victor Halabi- CEO and President of B&H Cellular Wholesale (What He Claims to Be)
B&H Cellular Wholesale, situated in Brooklyn, New York, is run by Victor Halabi, who also serves as president and CEO. He is a seasoned businessman who has overseen numerous profitable projects. Victor has spent most of his time working in consumer electronics through his position at B&H Cellular, despite frequently working in importing and exporting. Victor Halabi and B&H Cellular have been assisting customers and consumers with their electronics need for both business and personal use for twenty years.
They have experience working with a variety of premium brands, but they have focused particularly on serving as an Apple reseller, making sure to stay current with all launches, updates, and upgrades. All products made by Apple, including the iPhone, iPad, and Mac Book, as well as those from other well-known manufacturers like Samsung, are sold through Victor Halabi and B&H Cellular.
Victor Halabi- About B&H Cellular Wholesale
B&H Cellular Wholesale Inc. operates as a distributor and supplier of wireless devices. The Company offers electronic communications products of various brands. B&H Cellular has expanded its range to include gaming equipment and electronic scooters. It has an attractive online collection of scooters, kids’ toys, and technological goods. It is able to offer unmatched quality and variety as well as competitive prices. The foundation of B&H Cellular is first-rate customer support.
Victor Halabi- Accused of Breach of Trust , Unjust Enrichment, Breach of good faith- DEREK LORD LLC VS B & H CELLULAR WHOLESALE INC ET AL
Victor Halabi, the CEO of B&H Cellular, was the target of a lawsuit brought by Ming Kwan in the Supreme Court of the State of New York. He was accused of fraud, contract breach, unjust enrichment, and breaking the implied covenant of good faith and fair dealing.
What is Breach of Trust-
A failure to act responsibly for someone who has given you something to keep safe, for example, money or a company’s secret information: The company initiated legal proceedings alleging industrial espionage and breach of trust. In legal situations, a person committing a trust violation or abusing property that has been provided to them for a while is referred to as a breach of trust. A breach of trust happens when the trustee or another party violates the precise rules and many delineations of the property that govern trusts. For breaches of trust, beneficiaries may be entitled to monetary damages or an equitable remedy. Breach of trust can also occur when a property owner permits a person to regularly use or borrow their property and that person steals or uses it improperly. For example, a breach of trust would occur if you paid a valet to park your vehicle, and the valet drove your vehicle around the city.
What is Fraud in Business Law-
Fraud is when someone intentionally misleads someone in order to gain something unlawfully or unethically at their expense. Fraud in the financial industry can take many different forms, such as filing fraudulent insurance claims, falsifying financial records, pump-and-dump schemes, and identity theft which results in unlawful transactions. Three types of fraud in Business laws:
- Financial frauds – Manipulation, falsification, alteration of accounting records, misrepresentation or intentional omission of amounts, misapplication of accounting principles, intentionally false, misleading, or omitted disclosures.
- Misappropriation of Assets – Theft of tangible assets by internal or external parties, sale of proprietary information, causing improper payments.
- Corruption – making or receiving improper payments, offering bribes to public or private officials, receiving bribes, kickbacks, or other payments, aiding and abetting fraud by others.
What is a Breach of the Implied Covenant of Good Faith and Fair Dealing?
The term “good faith and fair dealing” refers to the general presumption in contract law that the parties to a contract would treat one another honestly, fairly, and in good faith in order to preserve the right of the other party or parties to profit from the contract. It is implied to support any explicit covenants or promises made in the contract in many different types of agreements.
When interpreting it, judges and other fact-finders must take into account “fair conduct.”
Despite the general circumstances and understandings between the parties, a lawsuit (or cause of action) based on the breach of the covenant may result when one party to the contract attempts to use a technical justification for breaching the agreement or when that party uses specific contractual terms alone to refuse to perform his or her contractual obligations. Courts and other fact-finders must take into account the “implied pledge of good faith and fair conduct” that exists in every written agreement when interpreting it.
What is Good Faith In Business Laws-
Generally speaking, “good faith” refers to an individual acting honestly throughout the agreement. Even in contracts that explicitly grant any party the right to terminate the agreement for any reason, the obligation to perform in good faith still applies.
What is Money laundering? –
When money is earned by unlawful means, such as drug trafficking, corruption, embezzlement, or gambling, its illegal source is illegally concealed by turning it into a legitimate source. With different definitions, it is illegal in numerous jurisdictions. Often, it is a crucial element of organized crime. Money laundering is the process of conducting financial transactions to disguise the identity, source, or destination of money that has been obtained unlawfully, according to US law.
Victor Halabi- Outcome-
Victor Halabi being duly sworn deposes and mentions that he the defendant after going through the foregoing verified answer and knows the contents thereof and that the same is true to my own knowledge and except to those who matters alleged upon information and belief, and as to those matters I believe them to be true. Further, he added that the grounds of his beliefs as to matters not stated upon his knowledge are based upon my books.
Victor Halabi – Customers Expose B&H Cellular
Here are some of the reviews from the public about what they think about this case.
Victor Halabi Review Conclusion
B&H Cellular’s CEO is Victor Halabi. He was accused of fraud, contract breach, unjust enrichment, and breaking the implied covenant of good faith and fair dealing. Victor Halabi was the target of a lawsuit brought by Ming Kwan in the State of New York’s Supreme Court.
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