October 10, 2012
A federal judge on Tuesday denied a bid by securities regulators to force fallen retirement housing magnate John Harder, who also faces criminal charges, to cough up $180 million, citing "miraculous" efforts to recover money for defrauded Sunwest Management Inc. investors in the civil case.
June 17, 2011
The receiver for retirement home operator Sunwest Management Inc., which collapsed amid allegations it ran a $400 million Ponzi scheme, settled a dispute in Oregon on Friday with a group of investors who sunk $1.9 million into a bare land project co-owned by the bankrupt company.
March 11, 2011
The receiver for retirement home operator Sunwest Management Inc., which collapsed amid allegations that it ran a $400 million Ponzi scheme, settled a dispute Wednesday with a lender over a $3.8 million loan.
February 09, 2011
The receiver for Sunwest Management Inc. has granted Merrill Lynch Capital Services Inc. a $600,000 claim against the toppled retirement home operator, settling a dispute over Merrill's claim for $2.2 million in transaction payments.