Fraud case file · COVID-era PPE
George Monemvasitis persuaded an Australian investor to provide USD 14.6 million for a purported U.S. government glove transaction. The later explanation, the contradictory dates and the litigation that followed raise the question whether that original deal ever existed as it was described.
In October 2020, an Australian investor transferred approximately USD 14.6 million to Texas-based Authentitech LLC, owned and managed by George Monemvasitis. The investor says Monemvasitis persuaded him that the money would finance a major nitrile-glove transaction for a U.S. government customer.
According to the investor, only about a year later did Monemvasitis say that the government transaction had not materialized and that the government customer had cancelled it in January 2021 because of delivery delays. Monemvasitis then said that, in order to recover and return the investment, he had entered a second glove transaction without informing the investor.
That second transaction was later presented to the investor as a fraud committed against Authentitech, with Monemvasitis portraying himself as a victim of the intermediaries and circumstances. But the documented timeline presents a central contradiction: Authentitech signed the USD 8.398 million American Wellness contract on 21 December 2020, before the reported January 2021 cancellation. The sequence supports the investigative suspicion that the original government deal may never have existed as described and that Monemvasitis used that story to obtain a very large sum from the investor.
The complaint filed with the Los Angeles Superior Court on 20 April 2021 records 646,000 boxes and a payment of USD 8.398 million. The forged complaint sent by George Monemvasitis carries the same case number and filing date—but changes the central figures to 1,646,000 boxes and USD 19.398 million.
What this complaint was
Authentitech filed the breach-of-contract complaint against American Wellness on 20 April 2021. It alleged that Authentitech paid USD 8.398 million for 646,000 boxes of nitrile gloves and that American Wellness delivered neither the gloves nor a refund. The lawsuit sought recovery of that USD 8.398 million, interest and legal costs.
Why George sent it
The complaint was sent as proof that George Monemvasitis and Authentitech were pursuing litigation to recover the missing money and enable repayment. The forged version made the lawsuit appear to concern approximately USD 20 million—the scale of the recipient's funds—rather than the USD 8.398 million actually pleaded in court.
Court-filed complaint
646,000
boxes
USD 8.398M
amount pleaded
Forged complaint sent by George
1,646,000
boxes · increased by 1 million
USD 19.398M
amount shown · increased by USD 11 million
Filed versionEnlarge ↗
Forged complaint sent by GeorgeEnlarge ↗Alteration ledger
By the numbers
$14.6M
Initial investment
$12.63M
Transferred to Clark Business Law
$8.398M
Paid to American Wellness
646,000
Boxes of nitrile gloves contracted
27
Containers involved in the supply chain
The key question
What was said
The investor says George Monemvasitis told him the second glove transaction was undertaken after the original U.S. government customer cancelled in January 2021 because of delivery delays.
What the records show
Records reviewed in the investigation show Authentitech signed the $8.398 million American Wellness deal on 21 December 2020 — before the reported cancellation.
The investor says he was not informed about the American Wellness transaction until approximately one year later. The date conflict directly contradicts the explanation he says he was given.
Follow the money
Australian investor
Authentitech LLC · George Monemvasitis
October 2020 — funding for the nitrile glove transaction.
Authentitech LLC
Clark Business Law
Listed in a transfer record; native bank confirmation has not been published.
Authentitech LLC
American Wellness LLC
Contract dated 21 December 2020.
United States participants
American Wellness LLC
American Wellness was the counterparty to Authentitech's USD 8.398 million contract dated 21 December 2020. Authentitech later asserted in the California case that American Wellness accepted the money but did not deliver the gloves; a default was entered against the company. This is the disputed replacement deal that predates the original transaction's reported cancellation.
M&W Suppliers
The California court record identifies Shimabukuro as M&W's representative. The investor says Monemvasitis described him as a broker in the disputed transaction. The record describes subpoenas seeking information about what happened to the USD 8.398 million; the court ordered Shimabukuro and M&W to appear and imposed sanctions after they failed to attend scheduled depositions.
A separate federal appellate opinion records Shimabukuro's earlier conspiracy conviction, prison sentence, and repeated supervised-release revocations. That criminal history predates and is separate from the glove dispute.
Open Wallace Shimabukuro profile →The supply chain
Select a company to see its role. Several of the entities in this chain were relatively newly established at the time of the transactions.
Named at the origin of the glove supply chain. Reported as a relatively newly established entity at the time of the transactions.
Intermediary in the chain. Sued by Authentitech in 2024; the case was voluntarily dismissed in 2025.
Named as an intermediary supplier and a defendant in Authentitech's 2022 lawsuit, which was later dismissed.
Linked to Wallace Shimabukuro. Authentitech obtained a $300,000 default judgment against M&W / Shimabukuro in 2023.
Counterparty to the $8.398 million contract signed by Authentitech on 21 December 2020.
Owned and managed by George Monemvasitis; recipient of the approximately $14.6 million investment in October 2020.
Red flags
The replacement deal was signed before the original government transaction was supposedly cancelled, supporting the suspicion that the original deal may never have existed as described.
Several documents provided to the investor appear to raise authenticity or alteration concerns.
The investor says he did not receive a full accounting of where the transferred funds ultimately went.
The investor says the replacement transaction was later presented as a fraud committed against Authentitech, with Monemvasitis portraying himself as a victim of the intermediaries and circumstances.
Multiple lawsuits were filed seeking recovery of funds; according to the investor, no recovered funds were returned to him.
Some individuals involved elsewhere in the transaction chain have previously faced fraud-related legal disputes or criminal proceedings unrelated to George Monemvasitis.
Litigation
The investor says Monemvasitis repeatedly claimed that he was pursuing a series of U.S. lawsuits and an insurance recovery that would produce the money needed to repay the USD 14.6 million investment. These representations created an expectation that recovery and repayment would follow almost automatically. Authentitech did file multiple proceedings against participants in the replacement transaction.
Those proceedings included a claim against Wallace Shimabukuro, the broker whom the investor says Monemvasitis blamed for the dubious transaction. Court materials also document defaults, discovery disputes and a later voluntary dismissal. According to the investor, the lawsuits prolonged the appearance that repayment was imminent, but no recovered funds were returned to him.
2021
Authentitech sues American Wellness and Wallace Shimabukuro for $8.398 million.
2022
Authentitech files another lawsuit involving American Wellness, CMJ and M&W. The case is later dismissed.
2023
Authentitech obtains a $300,000 default judgment against M&W / Shimabukuro.
2024
Authentitech sues Venkal Apparels. The case is later voluntarily dismissed in 2025.