January 23, 2017
A New Jersey federal court has approved a judgment agreed upon between the U.S. Securities and Exchange Commission and one of the assisted living facility operators the agency has accused of misappropriating millions of dollars in investor funds to prop up failing facilities and for their own benefit.
January 20, 2017
The Securities and Exchange Commission on Friday told a New Jersey federal court that a pair of assisted living facility operators misappropriated millions of dollars in investor funds to prop up failing facilities for their own benefit, saying one partner went so far as to say he had picked out his prison clothes.