Court Rules Shauberger’s Actions were Acts of Fraud

HOUSTON, July 17, 2008 – A final judgment was issued against Frederick Ray Akins and LCST, LLC in the 55th District Court on July 7, 2008 that assigned damages and restored the ownership of Immanuel Home Health Care, Inc. also known as Signature Home Health.

You may recall that last year Eddie Shauberger signed a bill of sale to sell Immanuel Home Health Care to LCST, LLC and then used that bill of sale in an attempt to have the funds received from Medicare for its services transferred to LCST, LLC as well in a failed attempt to transfer ownership to himself and F. Ray Akins.

Documents indicate that F. Ray Akins and Eddie Shauberger are co-owners of LCST, LLC a Deleware Corporation doing business in Texas.

The court found that the bill of sale dated July 3, 2007 signed by Edward Shauberger on behalf of Signature Health Services to be declared void due to the fact that the transaction was the product of fraud on the part of Shauberger.

Shauberger and Akins had attempted to transfer the assets and future income of Signature Home Health to their new company, LCST, LLC.

Additionally the 55th District Court of Harris County Texas awarded actual damages in the amount of $142,000 to Immanuel Home Health Care, Inc. as well as $426,900 of exemplary damages.

The court restored the ownership of Signature Home Health to its rightful owners the Palmarez Brothers and granted a permanent injunction against Eddie Shauberger and F. Ray Akins from misrepresenting themselves.

This litigation was only the first step taken to secure damages caused by Shauberger and Akins to Signature Home Health. Additional litigation is scheduled for trial in December of this year.

Read the Courts Final Judgement Click HERE

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