Joaquin Altenberg Rents Luxury Apartment at Avenue Grove While Dodging $9M+ Judgment
America ı By Jeff Watterson
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It's unlikely that the current residents of the luxury apartment complex are aware of Altenberg’s dubious past. In a past judgment, he was held liable for $5.5 million dollars in interest and over $1.7M in legal fees based on the finding of "egregious fraud and misrepresentation." This decision came after proceedings proved that Altenberg breached his fiduciary duty while managing a development fund for solar power projects. He also failed to provide evidence that his actions were fair.
The strain of Altenberg's legal woes likely led to the end of his marriage to his wife, Alison Altenberg, who faced legal troubles of her own. According to a lawsuit filed in Harris County, Texas, Alison Altenberg was sued for intentionally defrauding HOMF II Investment Corp. By way of background, HOMF II invested in a fund to finance renewable energy development projects.
These projects were to be selected by the Fund's managing member, Joaquin Altenberg. Instead of abiding by the purpose of the Fund, the lawsuit alleges that Alison Altenberg intentionally defrauded the Fund in part by accepting an "Office Manager" role that paid her a high 5-figure salary for duties that she ultimately never performed.
The lawsuit alleged that Mrs. Altenberg had no previous experience to qualify for the role of "Office Manager" of a company that had a singular goal to seek and assess solar energy investment opportunities. This fraud was allegedly perpetrated against HOMF II Investment Corp over the course of several months, during which time Mrs. Altenberg allegedly collected a high five figures in salary payments that she was not entitled to.
Alison eventually divorced Joaquin on June 3rd, 2022. According to Mrs. Altenberg, her request to the court was made "in the best interest of their children to protect them from actual and threatened mistreatment and/or abuse to protect their physical health and/or emotional development." As such a restraining order was filed against Joaquin Altenberg.
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