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CEO Sold Fake Units in Real LPs, SEC Alleges
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Former Real Estate Investment CEO Ran $46M Scam, SEC Alleges
The former CEO of a San Francisco Bay area real estate investment business defrauded about 200 investors out of at least $46 million through sales of fake interests in real estate investment limited partnerships, the Security and Exchange Commission alleges. Many of the investors were retired senior citizens that the suspect, Kenneth Mattson, met through his church community, the SEC said in a statement. Mattson’s firm, LeFever Mattson, managed…
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