Sonoma Man Accused of Running Ponzi Scheme

Sonoma man accused of running Ponzi scheme

(KRON) -- A Sonoma man was arrested Thursday and accused of running a multi-million dollar Ponzi scheme that stripped some investors of their life savings. Kenneth W. Mattson, 63, was indicted by a federal grand jury on wire fraud, money laundering, and obstruction of justice charges. Mattson was the President of LeFever Mattson, a corporation based in Citrus Heights, Calif., that controlled several limited partnerships that owned and managed co…

Sonoma Developer Arrested in $28M Ponzi Scheme | Bohemian | Sonoma & Napa Counties

Federal agents arrested Sonoma real estate developer Kenneth W. Mattson, 63, on Thursday following a sweeping indictment alleging a long-running Ponzi scheme that defrauded hundreds of investors—many of them retirees—out of tens of millions of dollars. Mattson, former president of the now-defunct LeFever Mattson firm, is charged with seven counts of wire fraud, money laundering, and obstruction of justice. Prosecutors say he used fake real estat…

Wine Country Developer Arrested by Feds, Charged With Fraud and Money Laundering

Federal officials allege that Sonoma County real estate tycoon Kenneth Mattson bilked nearly 200 investors out of at least $46 million in a series of fraudulent real estate deals, and arrested him Thursday morning in a wine country gymnasium parking lot. The image above is that of a Sonoma County grocery and delicatessen called Sonoma’s Best. Its back offices had in recent years served as the headquarters for its owner, real estate tycoon Kennet…

Pleasanton specialty car shop owner charged in real estate Ponzi scheme

An embattled Sonoma real estate mogul, known in the Tri-Valley for owning a now-shuttered specialty car consignment shop in downtown Pleasanton, was arrested by federal agents this week and is accused of operating a Ponzi scheme. The post Pleasanton specialty car shop owner charged in real estate Ponzi scheme appeared first on Livermore Vine.