Securities Fraud Lawyer Blog
Dustin Aab, a former social media influencer was ordered to pay an investor $308,700 by a Riverside Superior Court Judge on December 13, 2024.
This is the latest judgment against Dustin Aab for failing to repay investors who loaned money to him and his former company Crashem Enterprises. The Law Office of David Liebrader also secured a separate judgment against Mr. Aab in the Clark County (Nevada) District Court in September, 2023. That judgment has been domesticated and is being enforced in California.
Despite holding himself out on social media as a savvy investment professional, Dustin Aab is not licensed to sell securities, real estate or insurance in California. Nor is he affiliated with a broker dealer or registered investment advisor. Investors should always check the license status of individuals they do business with. FINRA maintains a database of people licensed to sell securities, while the California Department of Real Estate, as well as the California Department of Insurance have websites where people considering investing with individuals like “Dustin da Closa” as he refers to himself, can check licensing status.
In this matter, filed and decided in the historic Riverside Courthouse, Dustin Aab was accused of scamming the Plaintiff out of money for both an Amazon storefront and a real estate investment. Mr. Aab’s business of setting up “turn-key” Amazon storefronts utilizing drop shipping has come under scrutiny from securities regulators recently, who have filed civil actions (against third parties) claiming that the turnkey nature of the Amazon storefront investment results in it being a “security.” As to the real estate investment Mr. Aab solicited, there is no proof that any of the money went to purchasing real estate, as Mr. Aab refused to provide any documentary information on the purchases such as deeds, mortgages or purchase contracts.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery. For the past 30 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions. During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies. The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $100,000,000.