Litigation: SEC Vs. Lewis I. Wallach - SEC Charges Former Real Estate Executive With Misappropriating $26 Million in Ponzi Scheme
September 30, 2020
September 30, 2020
WASHINGTON, Sept. 30 -- The Securities and Exchange Commission issued the following litigation release (No. 3:20-cv-06756; N.D. Cal. filed September 29, 2020):
The Securities and Exchange Commission today charged the former president of a Marin, California real estate development and management company with operating a fraudulent Ponzi scheme and misappropriating over $26 million from more than 1,300 investors - many of whom were elderly and retired.
According to the SE . . .
The Securities and Exchange Commission today charged the former president of a Marin, California real estate development and management company with operating a fraudulent Ponzi scheme and misappropriating over $26 million from more than 1,300 investors - many of whom were elderly and retired.
According to the SE . . .