The verdicts came in Friday in the first of several lawsuits brought by investors in the Wireless Toyz cellular phone store chain.
Eight of the nine charges brought against Wireless Toyz and founder Joe Barbat were thrown out. The one count that stuck was silent fraud.
Barbat founded Wireless Toyz and has made millions of dollars in its growth and expansion.
David Abbo of Colorado was one of several investors who claimed they were defrauded.
Robert Zawada is one of Abbo’s attorneys. He talked with Local 4 about the jury’s decision. More.