Securities and Exchange Commission v. Shustek et al
Case Number:
2:21-cv-01416
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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May 10, 2023
SEC, Real Estate Exec Ready Settlement In $29M Fraud Suit
The U.S. Securities and Exchange Commission reached a tentative settlement with the CEO of two real estate investment trusts who was accused of stealing $29 million in investor funds from the publicly traded REITs, according to a Nevada federal court filing.
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February 01, 2023
REIT CEO Accused Of $29M Fraud Enters Mediation With SEC
A Las Vegas real estate investment trust executive is entering mediation with the U.S. Securities and Exchange Commission in a case in Nevada federal court accusing him of funneling $29 million from two companies he controlled.
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July 01, 2022
SEC Says REIT CEO Is Dodging Discovery In Fraud Case
The U.S. Securities and Exchange Commission says an executive of real estate investment trusts in Las Vegas who is accused of siphoning cash from two public firms has refused to produce a single document after more than three months of discovery.