An update of sorts to a short item posted a few weeks ago involving AGA Medical co-founder Michael Afremov, who says he was duped into fronting more than $2 million for a fraudulent casino scheme in Armenia.
Afremov's partner, Artur Jarayan, has not responded to the federal lawsuit. But over the weekend Jarayan emailed me a copy of the September 2009 letter his attorney sent to Afremov's attorney.
Jarayan claims Afremov failed to live up to his end of the bargain, saying he's still owed unpaid commissions, salary and moving expenses and other costs totaling more than $1.2 million. Make good, the letter says, and Jarayan "will be pleased to sign the relevant documents to transfer the properties and dissolve" the investment group.
The letter also asserts that there are businesses operating casinos near the site purchased by the investment group. Afremov's complaint alleged that the Armenian government had not approved a casino license for that region of the country.
