Professional Financial Investors Inc.s website is no longer operational, though the company continues to operate, according to Sternbergers letters. [1], Casey obtained a business license in 1983[7] and founded Professional Investors Security Fund Inc. (PISF Inc.) based in Ignacio, California. Charlene Albanese is 75. The U.S. Securities and Exchange Commission and U.S. Attorneys Office alleged this week that the late Kenneth Casey and his business associate, Lewis Wallach, were co-conspirators who intentionally defrauded 1,300 individuals who invested in their two Novato real estate investments companies, Professional Financial Investors Inc., or PFI, and its associated fund, Professional Investors Security Fund Inc., or PISF. [8] Writing in the Marin Independent Journal (Marin IJ), Dick Spotswood called it the largest financial scandal in the history of Marin County. This is a carousel. 350 Ignacio Blvd Ste 300, Novato, California, 94949, United States . [1], Casey became a certified public accountant (CPA) in 1977. HUD has the following fair market rent values (mar 2022): ClustrMaps.com aggregates public records to analyze the US cities, their social demography, and business environment. I think Ill be lucky to get half of it back and I consider myself lucky because other people had everything they owned invested and Ive heard there are people going on food stamps.. Jay C. Barmann is a fiction writer and web editor who's lived in San Francisco for 20+ years. A proposed judgment submitted to the court in the SEC case would bar him from serving as an officer or director for a public company in the future. At Caseys passing, Marin County officials hailed him as the largest commercial property owner in the county in an article by the Marin Independent Journal, which first broke the stories of the alleged scam. 3.01.00vd4930. [5] He died on May 6, 2020 at the age of 73 of a heart attack. The complaint alleges the companies knowingly misled investors and violated the California Securities Act by failing to register the investments as securities. 350 Ignacio Boul, Novato, CA 94949-7202 is the residential address for Charlene. Charlene Rae Albanese has a license type of Real Estate Salesperson which allows a real estate professional to perform services such as selling, buying, renting, auctioning, advertising of real estate properties, but only on behalf of a real estate broker (licensed broker who employs the sales agent). Facebook gives people the. Having seen the changes in Marin throughout his life and knowing how difficult new development is, Lastreto said he and others saw how valuable it would be to invest in real estate. Abrupt closure of S.F. Charlene Albanese can be found on facebook https://www.facebook.com/search/top/?q=Charlene+Albanese&epa=SEARCH_BOX. Wallach joined the company as a bookkeeper in 1990 and was promoted to the companies president in 1998. All Access Digital offer for just 99 cents! The U.S. Securities and Exchange Commission is investigating two Marin County property management and investment companies following the death of their proprietor. [8] Hogan stated that the investors would be best served by pursuing bankruptcy. The caller said hed kidnapped my wife. Kenneth J. Casey (died May 6, 2020)[1] was a Novato, California real estate investor and member of the Marin County Human Rights Commission,[2] charged in 2020 with "operating a massive Ponzi scheme" that defrauded "more than a thousand investors" while "embezzling tens of millions of dollars to personally enrich himself". Hogan and Sternberger have both stated that Albanese had no control of and had not been directing the company or its finances before Caseys death. Novato, CA 94949 Marin County Current Address : 210 Monte Vista Ave, Larkspur, CA 94939 Marin County (Oct 1991 - Apr 2022) 15 Woodside Ct, Novato, CA 94947 Get the latest posts delivered right to your inbox. Heres what I did wrong. Charlene Rae Albanese has real estate license number 00943394 which was issued by California Real Estate Department on 07 December, 2018. The investors attorney, Debra Grassgreen, declined to comment. [3] The Marin IJ's Will Houston reported that the SEC stated that both Wallach and Casey had assured investors when the COVID-19 pandemic began that "the company was financially secure because it had large cash reserves, lines of credit and the 'ability to sell properties owned'. Select this result to view Charlene T Albanese's phone number, address, and more. Feds charge former Bay Area businessman in, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to email a link to a friend (Opens in new window), Click to share on Reddit (Opens in new window), H-1B: Feds want criminal charges over application fraud for Silicon Valleys favorite visa, Feds charge former Bay Area businessman in massive Ponzi scheme, Former Silicon Valley startup CEO pleads guilty to federal fraud charges, Stanfords Sam Bankman-Fried dined with Mohammed bin Salman and Jared Kushner to get Saudi money: report. A case management hearing is scheduled for Dec. 28. Casey, who died after a heart attack in May, founded the companies. Forensic accountant Michael Hogan, who has been named chief restructuring officer for the companies, pored over the financial records and found the companies used new investor funds to pay off other investors interest payments and other debts, according to his bankruptcy declaration. Charlene Albanese in Novato, CA Charlene Albanese may also have lived outside of Novato, such as Larkspur and San Rafael. [18][19], As of October 2020, the SEC investigation continues, and the possibility of other individuals being charged remains. His admirers celebrated him as a Republican donor, philanthropist and adventurer who amassed an enormous portfolio of office parks and apartment buildings in Marin and Sonoma counties. Foreign surnames can be transliterated and even translated (e.g. It is quite rare but still happens that a person can be found being listed under a completely different name. Charlene has seen four cities, including Belvedere Tiburon, CA and Novato, CA. He refused to let it end in Game 7, Do Not Sell/Share My Personal Information. [2] Spotswood stated that Burt's Children Center had closed in 2010, and that "NextGen Marin was mostly a housing advocacy online presence". It seemed like too good to believe, and maybe it was, Lastreto said. Mr. Casey never attempted to curry favor from me or my office.. [3], Casey was one of Marin County's longest-serving members of the Human Rights Commission, serving from 2015 until his death. He maintained complete control of the companies until his death, Hogan said. Lastretos former sister-in-law Donna Cales, a Roseville resident and investor in the companies since 2015, said the companies have always been professional and that her investment had been handled with care. What is Charlene Albanese's contact number? (415) 382-6001. Yes, Marin County actually does have some public housing, but residents have filed suit because the county wont do anything about the rats, exposed electrical wires, and general disrepair. So he was shocked when he received a call from a friend and fellow investor who said all investments and interest payments had been frozen and federal regulators were investigating Caseys companies for running an alleged Ponzi scheme. Full Name, Age, Job and Education Records, View Social Media Profiles & Photos in One Place, Estimated values of property, vehicles, aircraft and watercraft, These are the people who lived at the same address and at the same time as this person, By using tree view and force view visualization techniques, you can discover potential connections between people based on information about their previous addresses. Caseys ex-wife Charlene Albanese had retained the law firm to handle the transition of Caseys companies to a new owner. Mr. "Words cannot express my deep shock concerning information that has. In 1997, Casey pleaded guilty to one count of conspiracy to defraud the federal government, five counts of tax evasion and filing false tax returns, and 41 counts of bank fraud. The petition gives the company 21 days to consent to or contest the bankruptcy filing. The investigation does not mean the SEC has concluded that violations of the law have occurred, according to Sternberger. Last updated on March 06, 2022 at 7:59 PM (PST). He said hed likely have to sell his Oakland condominium to pay off his debt. [3] Following an investigation also conducted by the FBI, the complaint alleges that Wallach and Casey knew since at least 2015 that they would be unable to pay investors from revenues, but that information was not shared with investors. [11] An audit raised "legitimate questions involving the structure and investment history of Mr. Casey's companies", according to partner of the law firm,[14] and the SEC was asked to investigate. This fraud escalated in the final months before Caseys death and the beginning of the coronavirus pandemic as more money was needed to maintain the false appearance of a successful investment company, Anderson said. Ver. I am heartbroken and sick to my stomach that so many investors, myself included, have been devastated by Kens actions. Casey started his companies in 1983, serving as the sole officer until 1998. Nine previous addresses found, including 210 Monte Vista Ave, Larkspur, CA 94939, USA. Here are their demands, Downtown S.F. [3], In July 2020, PFI Inc. and PISF Inc. filed for Chapter 11 bankruptcy. Reached Wednesday at his Southern California home in Encino, Wallach declined to comment. A law firm managing the post-death transition reported financial irregularities to the SEC. A lawyer representing the company, Eric Sternberger, declined to comment Tuesday and deferred to Hogans letter. The state panel is preparing a final report that will suggest how to compensate Black residents to address the harms caused by the states history of slavery. They have also lived in Meridian, ID and Wheaton, IL. Like many others, I was shocked to learn of the allegations which have surfaced. The action you just performed triggered the security solution. This page is not available in other languages. When investors raised concerns about their investments at the beginning of the coronavirus pandemic, Wallach assured them that the company was financially secure because it had large cash reserves, lines of credit and the ability to sell properties owned free and clear, according to the SEC filing. Get Morning Report and other email newsletters. Court documents allege Wallach misappropriated $26 million from 1,300 investors between at least 2015 and 2020. Get info on Charlene Rae Albanese - Novato, California - (415) 927-2290. A well known Republican donor and real estate mogul who attracted over 1,000 investors into what was allegedly a Ponzi scheme dating back decades died of a heart attack in May, leaving his ex-wife to sort out a major financial mess. [5] He died on May 6, 2020 at the age of 73 of a heart attack. Charlene Rae Albanese (License No. [12] Casey, Albanese, and Wallach also donated the maximum allowed by law to Allen's campaign. Marker Address Rent ? She may also be known by the following alternative names: Charlene Allanese, Charlene R Albanese, Charlene R Casey, Charle Albanese, Charlene Albanese, Charlene Casey. The SEC initiated its investigation on May 28, he said. Many investors entrusted Ken with their finances, including his employees and friends, as well as myself. Lori Frugoli is sworn in as Marin County District Attorny on Jan. 4, 2019 in this photo posted to the MarinGov. Search Charlene Albanese's public records online. [16] Lewis Wallach [8] was CEO since 1998, having been promoted after joining the company in 1990 as a bookkeeper. The Marin Independent Journal first reported on the federal investigation into Casey's companies in July, as they filed for bankruptcy. All Filters. He was regaled as a philanthropist and an adventurer, who Herb Caen once wrote about in 1995 when he was training to become the 13th man to reach the North Pole by dog sled. A 2011 interview of Albanese for a magazine feature about their home stated that "Charlene and her husband, Ken Casey" purchased a second home in 2003. Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. The current status of license is Licensed (Active) and it is valid till 06 December, 2022. Join Facebook to connect with Charlene Albanese and others you may know. Quite often, people use short versions of their name (i.e. He was sentenced to 18 months in prison and three years of probation, according to court and state records. Our overriding goal here is to increase the size of the pie if we can and help investors recover as much as their investments as we possibly can, said Michael Schrag, a lawyer for Aiken. The SEC investigation is ongoing, according to an SEC spokesperson. We allege that PFI became a classic Ponzi scheme, U.S. Attorney David Anderson said in announcing the charges Tuesday. However, he had past legal troubles. Twitter account. Dear Abby: Am I overreacting to my European daughter-in-law's behavior? Its interesting for them to do a fact-finding investigation, but why would they freeze everything unless they thought there was something inappropriate that had gone on? Lastreto said. Federal criminal investigators this week charged a former Novato businessman of operating a massive Ponzi scheme, defrauding more than a thousand investors and embezzling tens of millions of. A hearing in the Marin lawsuit is set forNov. 19. View Public Record Results ✓ Addresses. As alleged in our complaint, Wallach engaged in an egregious fraud that deprived many older investors of their hard-earned savings and retirement funds, the SECs San Francisco regional office director Erin Schneider said in a statement. Casey was a friend of my late husband and I knew of Mr. Casey through his service on the Marin County Human Rights Commission, Frugoli said in an email. [6] A 2011 interview of Albanese for a magazine feature about their home stated that Charlene and her husband, Ken Casey purchased a second home in 2003. In October 2018, he loaned Marin County District Attorney Lori Frugoli $25,000, just 13 days before the election that she would win by a few hundred votes. Wallach was always very reassuring, Lastreto said, and all of the interest payments were paid on time. Based on the residence history, we assume that at least two people, including. Ask Amy: I put a security camera in my room, and what I saw was creepy, Ask Amy: My fiancee's family says I'm not invited, and she's going without me, The dad whose wife and child were among 5 killed by a neighbor in Texas describes how the massacre unfolded, 'Total dominance': Steph Curry breaks NBA Game 7 record, leads Warriors over Kings, Dear Abby: The reason her fiance hid his phone was something she never guessed, Mortgage fees to rise for buyers with high credit scores, fall for those with lower scores, Kurtenbach: Steph Curry built the Warriors dynasty. Which cities has Charlene Albanese visited? She was born on Oct 15, 1947. Last Update. [12] Responding to charges that the company may be reimbursing employees for maximum contributions, Casey stated, "Nobody is getting reimbursed for anything."[12]. Big shift in weather is headed to California. It is unclear whether more individuals associated with the company will be charged. [17], Casey was a donor to charitable and theatre causes, and political candidates. And now their accounts have been frozen, and some are worried they may never see their life savings again in a situation with echoes of the Bernie Madoff scandal. Get all the latest & greatest posts delivered straight to your inbox, Death of Marin Real Estate Investor Reveals Allegedly Vast Ponzi Scheme, Day Around the Bay: Person Fatally Shot on Folsom Street Sunday Morning, Ross Dress For Less Wants to Take Over the Saks Off Fifth Location at Fifth and Market Street, I Love Tenderloin Week Seeks to Beautify, Celebrate the Neighborhood With SFs Most Checkered Reputation.
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