May 02, 2017
A California federal judge determined Monday that a real estate firm will disgorge nearly $13 million to settle U.S. Securities and Exchange Commission allegations that the company's boss defrauded investors by raising money through an unregistered common-stock offering then diverting the cash for personal profit.
March 14, 2016
The U.S. Securities and Exchange Commission on Friday brought fraud claims against the head of a real estate company in California federal court, alleging the businessman led a scheme to defraud investors for his personal gain, then sought to cover up his acts after being questioned by the feds.