Prominent tech investor Gideon Marks has accused Randy Lamb, the developer of a luxury housing project in Los Gatos, known as 405 Alberto Way, of defrauding him of nearly $800,000.
Marks—a mentor at business incubators such as Google for Startups and Plug and Play, who recently helped his kids found a pet care app called DogLog—says Lamb owes him $200,000 for a Mountain View project, $250,000 for a Palo Alto project and $250,000 for the Los Gatos project.
“As a direct and proximate result of Lamb’s fraudulent misrepresentations, Marks has been damaged in the amount of $798,000,” Marks said through his lawyers Grellas Shah LLP in a filing in San Mateo County Superior Court, adding there are other agreements they’d struck on top of these which remain unfulfilled. “Lamb acted for the purpose of causing Marks to suffer financial loss and is guilty of malice, oppression or fraud, justifying an award of exemplary and punitive damages.”…