Sunwest CEO Agrees To Pay Investors $4.2M

Law360, New York (January 29, 2010, 4:48 PM EST) -- Jon Michael Harder, the embattled CEO of Sunwest Management Inc. — once one of the largest senior living communities in the nation — has reached an agreement with Oregon regulators to pay $4.2 million in fines to a fund that will benefit investors he allegedly defrauded through a Ponzi scheme.

Harder filed a motion Thursday in the U.S. District Court for the District of Oregon asking the court to approve the settlement, which he reached with the Oregon Department of Consumer and Business Services on Jan....
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