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Investors Sue Casa Madera Trio for Fraud and Misuse

2/5/2026

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Story summary
  • Investors filed a lawsuit alleging securities fraud and racketeering by Tosh Berman, Michael Tanha, and Mahdiar Karamooz over Casa Madera in West Hollywood.
  • The suit accuses them of misusing funds for extravagant purchases.
  • It also alleges they overcharged for Toca Madera Las Vegas during Super Bowls LVII (2023) and LVIII (2024).
  • Investors were denied access to financial records and seek millions in damages plus a trust over the defendants' assets.