Jose Frausto, founder of Multitaskr, is seeking federal bankruptcy protection after facing multiple lawsuits from dissatisfied clients in San Diego County regarding purportedly non-delivered backyard housing projects. His declaration of personal bankruptcy lists 100-199 creditors owed as much as $10 million. Despite owning a $2 million home, his declared assets are only between $50,000 and $100,000. This latest bankruptcy filing may also provide crucial information for ongoing state and federal investigations into his business practices, which have raised significant concerns.
Frausto's claim of disrupting the backyard housing industry culminated in personal bankruptcy after numerous lawsuits from clients, revealing potential scams within his companies.
He has filed for bankruptcy multiple times since 2010, now claiming to owe nearly $10 million to around 199 creditors while holding minimal personal assets.
Collection
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