The woman who was involved in the swindling of US$10 million for COVID vaccinations which were supposed to be purchased for Barbados, has finally been found and is facing a US $2 million default judgment – the amount she owes to Barbadian businessman Mark Maloney.
Moniladae Coley and her company Prestige Pegasus will face the United States District Court Central District California on November 3, after finally being served with the complaint against them. They were supposed to be the “authorised dealer” contracted by Alex Lee Moore, the man who was contracted by Maloney’s company, Radical Investments Ltd, to purchase one million Astrazeneca vaccines for Barbados.
She was paid US$2 million but never fulfilled the purchase.
Damages
Since the trial began in 2021, two US courts attempted to serve Coley on numerous occasions but she was never located.
As a result, while Maloney won a default judgment of US$4 million against Moore and his company Good Vibrations Entertainment back in May, the court had denied without prejudice, the granting of a default judgment against Coley citing that she had never been served and a further extension was granted.
When contacted a satisfied Maloney told the Sunday Sun Coley was served at her father’s house in California.
On September 18 the court noted that the application for default judgement had now been served on both parties adding.
“Plaintiff is now entitled to judgment against defendants on account of the claims pleaded in the second amended complaint. Plaintiff seeks actual damages in the amount of at least $2 million for its claims.”
Maloney’s attorneys explained: “In April of 2021, to meet pandemicdriven demand, plaintiff Radical Investments, Ltd was contracted to provide vaccines to the Government of Barbados. On April 16, 2021, plaintiff entered into a Purchase and Sale Agreement with defendant Good Vibrations Entertainment, LLC (“GVE”). GVE entered into the contract by and through defendant Alex “Flex” Moore. Pursuant to the contract, GVE was to supply RIL with one million vaccines in exchange for $12.2m with $10.2m due upon execution of the contract and the remaining $2m to paid as a commission to GVE (“GVE Commission”).
Pointing out that US$2 million was “unlawfully wired to Prestige/Coley by the escrow agent,” they noted that “bank records show that Coley quickly emptied Prestige’s bank accounts through substantial cash withdrawals and mysterious wire transfers” for her benefit.
Frivolous spending
“It is evident that Coley used Prestige for the purpose of committing fraud against plaintiff. Coley treated Prestige Pegasus’ bank account as her personal piggy bank, engaging in reckless and frivolous spending.
“A subpoenaed review of Prestige Pegasus’ bank account records reveals that Coley withdrew over $1 million in cash, transferring these funds directly into her personal account.
These significant withdrawals, along with clear evidence of personal spending, demonstrate that Coley misappropriated Prestige’s resources for her own benefit. Prestige was nothing more than a façade, used by Coley to shield herself from liability. As such, piercing the corporate veil is necessary to hold her personally accountable.”
“Although plaintiff was unable to depose Coley due to her refusal to defend this action, the bank records paint a clear picture of her misconduct. Coley also sent tens of thousands of dollars via CashApp to individuals with names such as “Destiny,” “Jasmine,” “Jewell,” “Kaylyn,” “Tececion,” “Ridah,” “Everett,” “Addie,” “Larry,” and “Sydney,” among others.
“Her extravagant spending continued throughout the summer of 2021. For example, on June 14, 2021, Coley spent over $40 000 at a Louis Vuitton store in Jacksonville, Florida. On June 22, 2021, she spent nearly $8 000 at an Apple store, and on June 23, 2021, she spent $8 400 at Versace in Los Angeles.
In addition, Coley regularly withdrew large amounts of cash from the Prestige bank account, spent lavishly at restaurants, and used the funds for private jet flights. By August 31, 2021, just a few months after receiving the $2 million from plaintiff only $8 002.22 remained in the Prestige bank account.
“As is undisputed, defendants never delivered the vaccines and RIL has yet to recover the monies unlawfully obtained by Prestige.”
In pleading for the default judgment the attorneys told the court that it was unlikely that default was the result of excusable neglect.
“Because the defaulted defendants are fully aware of this action, have in the past been in contact with plaintiff and have had years to defend themselves. Coley and Prestige, they were properly served and defaulted at the outset of this case, have continued to be sent notices by the court throughout the duration of the action, were served once again in 2025 and have still failed to appear or otherwise defend themselves. Coley has spoken with plaintiff’s counsel on multiple occasions, albeit at the outset of the action and is fully aware of the allegations and claims against her and her company. Thus, this factor, therefore, weighs in favour of default judgment.” (MB)
