2. 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. Four of the investors are listed as Marin County residents. Long vs. Lang). They had 35+ years great record. Performance & security by Cloudflare. What happened on first day of CHP drug dealing crackdown in S.F. Hogan estimates Caseys companies owned interests in about 70 real estate properties with an estimated worth of more than $550 million. One such investor, 63-year-old Robin Schild, tells the Chronicle that he'd invested $250,000 with Casey, only to be so happy with the stated returns that he mortgaged his home to invest more. California man accused of treating thousands of people without a medical license for years, DA says. This website is using a security service to protect itself from online attacks. Where did Charlene Albanese formerly reside? He was sentenced to 18 months in prison and three years of probation, according to court and state records. Lived In Larkspur CA, San Rafael CA, Stinson Beach CA . Casey had recently become active in donating to Republican causes, including a $300,000 donation from Caseys companies to a committee created to advocate for the repeal of the states gas tax. The Los Angeles Times and others reported Wallach and his wife had purchased a Malibu beach house formerly owned by actress Judy Garland for more than $3.5 million in 2018. What is the present address for Charlene Albanese? What are the other possible names for Charlene Albanese? Albanese has left the board. The virus didnt spare them, Exclusive: Navy report details final days of Roosevelt sailor who died from COVID complications. Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. And theres not an infinite supply of suckers., Matthias Gafni is a San Francisco Chronicle staff writer. Quite often, people use short versions of their name (i.e. The third result is Charlene Larue Albanese age 80+ in Santa Rosa, CA. Dear Abby: Am I overreacting to my European daughter-in-law's behavior? . [18][19], As of October 2020, the SEC investigation continues, and the possibility of other individuals being charged remains. While Sternberger said the news is devastating for investors, he said more information will need to wait. [2][4] He married Charlene Albanese[5] and "is survived by his son, Michael Albanese". For example, Hinderliter could be listed as Henderliter. She was born on Oct 15, 1947. 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. The U.S. Securities and Exchange Commission is investigating two Marin County property management and investment companies following the death of their proprietor. The companies own about 70 commercial properties including office spaces and apartment complexes in Marin and Sonoma counties. To seek answers, the companies have voluntarily asked the Securities and Exchange Commission to conduct a fact-finding inquiry into Kenneth J. Casey and his companies three decades of real estate investments, Sternberger wrote in a statement. * Other possible variations for this name:Sharlene, Charlen, Char, Charline, Carlene, Charlenea. Run a background search to uncover their phone number, address, social photos, emails and more. 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. Lastreto said he mostly worked with Professional Financial Investors Inc. president Lewis Wallach, and rarely if ever interacted with Casey. If this link does not work for you, you can also use FB directory https://www.facebook.com/directory/people/. Others associated with the Companies also appear to have been involved and benefitted from the scheme, and this investigation is ongoing.. 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. Big shift in weather is headed to California. He said hed likely have to sell his Oakland condominium to pay off his debt. [1], Casey was raised in Queens, New York, moving to Marin County in 1975. [16] Lewis Wallach [8] was CEO since 1998, having been promoted after joining the company in 1990 as a bookkeeper. These licenses provide agents and brokers the legal ability to represent a home seller or buyer in the process of buying or selling real estate. "Novato businessman, philanthropist Ken Casey dies at 73", "Feds charge former Novato businessman in massive 'Ponzi scheme', "Feds investigating massive suspected Marin County Ponzi scheme involving dead real estate investor", "Feds scrutinize Marin investment firms after death of owner", "Feds scrutinize two firms after death of owner", "Novato investment firms file for bankruptcy amid probe", "Consultant: Marin investment firms committed 'serious misconduct', "Novato investor linked to GOP donation flap", "SEC Investigating Marin County Real Estate Company After Owner's Death", "SEC to probe deceased Marin County investor Ken Casey's businesses", "Informational Memo regarding Professional Financial Investors, Inc. ("PFI") and Professional Investors Security Fund, Inc. ("PISF")", "Real estate investor bankruptcy hearing raises allegation of a Ponzi scheme", "Marin County Real Estate Firm Reports 20% of Its Properties Have No Equity", "Why these North Bay commercial property transactions are a big deal", "Ex-CEO Of Novato Firm Charged In Alleged $350M Ponzi Scheme", "Criminal charges filed in Marin County real estate Ponzi case involving 1,300 investors", "Investors Try to Push Mysterious California Real Estate Empire Into Bankruptcy", https://en.wikipedia.org/w/index.php?title=Kenneth_J._Casey&oldid=1144775100, This page was last edited on 15 March 2023, at 14:09. In a letter on Friday, Hogan told investors that he is working with the companies restructuring team to evaluate an appropriate response.. The second best result is Charlene T Albanese age 50s in Tonawanda, NY. A. (adsbygoogle = window.adsbygoogle || []).push({}); Charlene lives in the 94949. As the Chronicle reports, Casey left his businesses, Professional Financial Investors Inc. and Professional Investors Security Fund Inc., to his ex-wife, and it was her legal and financial investigations that uncovered what federal authorities say was a "Ponzi-like" scheme in which new investors' money was used to pay dividends to longtime investors, and much of his property was leveraged to the hilt. Political chaos has erupted in this Peninsula city over one issue: Housing, Flower Moon, a lunar eclipse and a meteor shower unfold this week, Oakland teachers set to strike starting Thursday. Like all of the other investors, I am waiting to see what can be preserved.". We're 100% free for everything!' FamilyTree Now.com FamilyTree Now. The court would determine how much of Wallachs ill-gotten gains would be repaid along with any other penalties, according to the SEC. [22], Wallach's attorney, Ed Swanson, responded that Wallach was cooperating with the investigation, and would plead guilty to the criminal charges, having already pled guilty to civil charges. It is unclear whether more individuals associated with the company will be charged. Ken Casey managed to get a lot of residents of the Bay Area and beyond to buy into his too-good-to-be-true investment enterprise. He has voluntarily turned over property and money to PFI and PISF. Last updated on March 06, 2022 at 7:59 PM (PST). 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). Court documents allege Wallach misappropriated $26 million from 1,300 investors between at least 2015 and 2020. 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. Box, Larkspur, CA 94977 was used in 2017. They now question whether more officials from the Novato companies profited off the three decades of a Ponzi-like operation, according to bankruptcy records reviewed by The Chronicle. [3] For each offense, a 20-year prison sentence could be imposed;[23] a hearing is scheduled for December 28, 2020 and it remains to be determined as of October 2020 whether any ill-gotten gains will be repaid. Abrupt closure of S.F. A court declaration filed by Hogan stated Wallach appeared to have benefitted from how the companies were managed. "Words cannot express my deep shock concerning information that has. This alleged Ponzi scheme came crashing down just four months ago after the death of PFIs founder in May 2020. The law firm found several financial irregularities that raised red flags, prompting them to voluntarily approach the SEC. This page is not available in other languages. 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 "[3][21] Wallach was "charged with embezzling $26 million and using the money to buy personal items such as a Malibu vacation home and luxury cars," according to Houston. Casey, who was a prominent Marin business figure, campaign contributor and philanthropist, was convicted of several counts of tax evasion and fraud charges in the late 1990s. A woman answered the phone Monday and took a message for Wallach. We always thought Lewis was a really good guy, Lastreto said. Stay up to date! 81.4.126.112 However, Casey had a criminal history of fraud and tax evasion. Albanese was one of those employees; she listed her occupation as real estate agent and her employer as PFI Inc. One of the PFI donations was made by an intern. View phone number, full address and more on 411.info. Its like, do I need this in the middle of the worst epidemic in 100 years? Schild said in an interview with The Chronicle. I think most people are surprised at the extent of what Lewis did and were just waiting to see what happens, Lastreto said. How the investigation will impact the millions of dollars in investments made by nearly 1,000 investors is unclear. The launch of the SEC investigation resulted in the suspension of new investment and interest payments, leaving many investors uncertain of whether they will recover their money. Casey started his companies in 1983, serving as the sole officer until 1998. He refused to let it end in Game 7, Do Not Sell/Share My Personal Information. [20], Wallach and Casey were charged as a co-conspirators on September 30, 2020 in a "massive Ponzi scheme", with the SEC and the U.S. Attorney's Office alleging they "intentionally defrauded 1,300 individuals". Sternberger sent letters to about 1,000 investors on June 4 and June 7 notifying them that the SEC launched the fact-finding investigation on May 28. The current status of license is Licensed (Active) and it is valid till 06 December, 2022. 350 Ignacio Boul, Novato, CA 94949-7202 is the residential address for Charlene. The current status of license is Licensed (Active) and it is valid till 06 December, 2022. View the profiles of people named Michael Albanese. His attorney, Ed Swanson of the San Francisco-based Swanson & McNamara LLP provided a statement: For the past few months, Mr. Wallach has fully cooperated with the Department of Justice and the SEC in their investigations. [12] A Marin County Supervisor said he was the largest owner of commercial properties in the county. [17] More than a thousand individuals had their investments "co-mingled with potential ill-gotten gains", according to Hogan. After Ken Casey died last month at age 73, the San Rafael law firm Ragghianti Freitas LLP was brought on to facilitate the ownership transfer of his Novato companies, Professional Financial Investors Inc. and Professional Investors Security Fund Inc. Attorney Eric Sternberger said the companies voluntarily approached the SEC after a review of the businesses conducted by his law firm raised legitimate questions involving the structure and investment history of Mr. Caseys companies.. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. 350 IGNACIO BLVD STE 300, NOVATO, CA 94949. Professional Financial Investors Inc.s website is no longer operational, though the company continues to operate, according to Sternbergers letters. Everything may still be fine, but we must wait to find out., In the past week, Lastreto said he and acquaintances who have also invested in the companies have been in the dark on what is going on, which has led to some blue-sky speculation.. Nine previous addresses found, including 210 Monte Vista Ave, Larkspur, CA 94939, USA. [2] The San Francisco Chronicle reported the couple divorced in 1996. Get Morning Report and other email newsletters. Sometimes names in public records are misspelled due to silly typos and OCR errors. Casey, who founded PISF in 1983 and PFI in 1990, was previously convicted of several counts of fraud and tax evasion in the late 1990s and lost his certified public accountant license. As for Schild, he said he was introduced to the company by a friend and he only spoke a few times to Casey over the phone and found him friendly. It seemed like too good to believe, and maybe it was, Lastreto said. In a statement to The Chronicle,. Therefore, ClustrMaps.com cannot be used for any purpose covered by the FCRA, Text on ClustrMaps.com is available under CC BY-NC-SA 3.0 license unless otherwise specified. [2] The company website claimed over 1,500 investors,[1] and many investors were not aware of Casey's past felonies. [2] Spotswood stated that Burt's Children Center had closed in 2010, and that "NextGen Marin was mostly a housing advocacy online presence". San Francisco officials announced this week the City will stop acquiring new shelter-in-place hotel rooms, the CDC is now not recommending face masks with ventilators to be worn to prevent the spread of COVID-19, and a crowd of Trump supporters has shut down an overpass in Novato because 2020. In 1983, he secured a business license for Professional Investors Security Fund Inc. and another license for Professional Financial Investors Inc. in 1990, according to Secretary of State records. Get the latest posts delivered right to your inbox. Casey died at age 73 owning around 70 properties worth an estimated total of $550 million, but he owed more than $250 million to investors and was carrying around $400 million in debt you do the math. They have also lived in Meridian, ID and Wheaton, IL. 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. The top 10 most expensive home sales in Oakland, reported the week of April 24, Yellen says US could hit debt ceiling as soon as June 1, FDIC recommends overhauling insurance deposit system, Harriette Cole: My friend's mom didn't recognize me at my job, and she was very rude. Charlene Albanese Novato, age 74, female. Wallach and two other corporate officers resigned in June at the request of Hogan and Sternberger. Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. I am heartbroken and sick to my stomach that so many investors, myself included, have been devastated by Kens actions. Over a period of at least three decades, Mr. Casey appears to have operated a fraudulent scheme in which investors loaned funds to the Companies, with a significant portion of those funds being used to service the debt owed to existing investors and to personally enrich Mr. Casey himself, Hogan said. [3], Hogan described the company operations as a "Ponzi scheme-like operation", saying new investments "were used to service the debt owed to existing investors and to personally enrich Mr. Casey himself". Wallach allegedly used the money to buy a vacation home, luxury cars, coin collections and pay for private school tuition. 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. In July, Wallach had agreed with the companies attorneys to wire $1 million from his limited liability company to PFI and PISF as well as to surrender two properties believed to be worth several million dollars, according to Hogan. [2] He was a founder of NextGenMarin, which was described by the Marin IJ as a "housing, business and community thank tank for college students and young activists". Current address 350 Ignacio Blvd #300, Novato, CA 94949 $3,440: B. The same person can appear under different names in public records. Last month, both companies filed for bankruptcy. Your IP: 11/20/2022 12:12 PM. [8] Writing in the Marin Independent Journal (Marin IJ), Dick Spotswood called it the largest financial scandal in the history of Marin County. Casey's ex-wife Charlene Albanese had retained the law firm to handle the transition of Casey's companies to a new owner. The petition for involuntary bankruptcy was filed in the U.S. District Court of Northern California. Frugoli has said she repaid the loan in full prior to the beginning of any investigtion into the operation of Caseys companies. The Cliff House was once a colossal Victorian mansion that met a Californias historic snowpack remains massive. The investigation does not mean the SEC has concluded that violations of the law have occurred, according to Sternberger. Charlene Albanese can be found on facebook https://www.facebook.com/search/top/?q=Charlene+Albanese&epa=SEARCH_BOX. I am heartbroken and sick to my stomach that so many investors, myself included, have been devastated by Kens actions. [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'. Dear Abby: I have a great life, so why have I fallen into this shameful behavior? [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. A hearing in the Marin lawsuit is set forNov. 19. [3] The SEC alleges that Wallach knew the company was not financially secure at the time he told investors it was. The population of the US is 329,484,123 people (estimated 2020). Court records indicate that at least two other investors have filed joinders since then. Tel: (415) 898-0875, 4158980875 Wallach joined the company as a bookkeeper in 1990 and was promoted to the companies president in 1998. The action you just performed triggered the security solution. Charlene Albanese's Phone Number and Email. 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. 15 Woodside Ct, Novato, CA 94947, lived here in 2018 $3,200: C. 350 Ignacio Blvd #105, Novato, CA 94949, lived here in 2018 Information on the Modal age groups of Albaneses neighbors (weve analysed 500 households nearest to the Albaneses current address), 418 Mission Ave, San Rafael, CA 94901, USA, 1345 Mar W St #5, Belvedere Tiburon, CA 94920, https://www.facebook.com/search/top/?q=Charlene+Albanese&epa=SEARCH_BOX, https://www.facebook.com/directory/people/, https://www.linkedin.com/search/results/people/?keywords=Charlene+Albanese, https://www.classmates.com/siteui/search/results?q=Charlene+Albanese&searchType=all, P.O. Join Facebook to connect with Charlene Albanese and others you may know. Foreign surnames can be transliterated and even translated (e.g. He said the investigation may take three months or more and that it would suspend all principal and interest payments on the companys collateralized notes as well as new debt financing and investments. [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. It is quite rare but still happens that a person can be found being listed under a completely different name. Box 625, Larkspur, CA 94977-0625 was used in 2001, P.O. The investors attorney, Debra Grassgreen, declined to comment. 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. Use this link https://www.linkedin.com/search/results/people/?keywords=Charlene+Albaneseto search employment history, You can find school friends by browsing Classmates.com yearbooks https://www.classmates.com/siteui/search/results?q=Charlene+Albanese&searchType=all. 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. Charlene Rae Albanese (License No. @media(max-width: 499px) { .ad_mobile { display:inline-block; min-width: 300px; width:100%; min-height: 100px; } } 3.01.00vd4930. 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. [11][15] Albanese became active director during the transition,[8] making $11,000 every two weeks and the North Bay Business Journal reported "some involved with the proceedings not knowing what she was doing for that salary, Hogan indicated". Casey became a certified public accountant in 1977 but lost his certification after being convicted of the charges. The purported holdings also included nearly 1,000 apartments across 30 properties in Marin and southern Sonoma counties. All mentioned corporate names and trademarks are the property of their respective owners. Licensed real estate professionals / entities are also commonly referred to as real estate agents or Realtors. [3] Companies owned by him were investigated by the U.S. Securities and Exchange Commission (SEC), after attorneys said they had "engaged in serious misconduct over the nearly three decades prior to his death". Sternberger discovered a variety of improprieties, after which I directed the company to self-report to the SEC, which then began its investigation, she said. She asked me for a loan and I said sure, Casey told the Independent Journal at the time. (415) 382-6001. Wallach, 64, has served as PFIs president and CEO since 1998. The petition gives the company 21 days to consent to or contest the bankruptcy filing. Separately, another investor has filed a class-action lawsuit in Marin County Superior Court. They also indicate Wallach owned a beachfront Malibu property that is now renting for $30,000 a month. We allege that for years Wallach conspired with PFIs founder to fool investors.. Company operations are stable, Chapter 11 has been filed, and I am resigning from the director position so professionals and creditors can appoint a qualified independent director, she continued. Search for Criminal & Traffic Records, Bankruptcies. The employer for Charlene Rae Albanese is Inc Professional Financial Investors (Real Estate Corporation). Shortly after his death at age 73, a law firm and accountant tasked with transferring his companies Professional Financial Investors Inc. and Professional Investors Security Fund Inc. to his ex-wife uncovered the allegations of fraud. 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. 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. Cloudflare Ray ID: 7c0cf24e7ca90bda Like all of the other investors, I am waiting to see what can be preserved., Hogan also reported in his recent bankruptcy declaration that the companies former CEO, Lewis Wallach, may have also benefited from the manner in which Mr. Casey ran the Companies.. [8] Hogan stated that the investors would be best served by pursuing bankruptcy. [12] Responding to charges that the company may be reimbursing employees for maximum contributions, Casey stated, "Nobody is getting reimbursed for anything."[12]. A law firm managing the post-death transition reported financial irregularities to the SEC. He also donated to Travis Allens and John Coxs unsuccessful runs for governor. Make sure to check as many variants as possible. Wallach could not be reached for comment. In earlier correspondence, Hogan warned clients of serious misconduct at the companies and said the recovery of their investments could occur on two paths: bankruptcy or receivership. Reached Wednesday at his Southern California home in Encino, Wallach declined to comment. All Access Digital offer for just 99 cents! [7] He operated Kenneth J. Casey, An Accountancy Corp., until his CPA certificate was revoked in 1998 after he was convicted in 1997 of felony violations for fraud and tax evasion. New York-based attorney Bijan Amini represents some of the investors in the bankruptcy case and said it still remains to be seen whether their money will be returned. Our decision-making remains driven by a desire to achieve the best possible outcome under the circumstances for the investors, he wrote. Like many others, I was shocked to learn of the allegations which have surfaced. Marker Address Rent ? Amini said he would hope Wallach would provide as much information as possible with the goal being to maximize the return to the investors who were fleeced.. 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. All Access Digital offer for just 99 cents! [5] He died on May 6, 2020 at the age of 73 of a heart attack. Wallach faces both civil and criminal charges for allegedly violating several U.S. securities laws. An SEC spokeswoman declined to comment. Some investors will likely see some of their money returned to them once this is all sorted out, but probably not before that entire real estate portfolio is sold. Facebook gives people the. [8] The estimated value as of July 2020 of properties owned by the companies was $550million, and the companies owed about $650 million. He and two other executives resigned in May at the request of the companies newly hired restructuring officer, Michael Hogan, who was brought in to manage the companies and their properties as the SEC investigation took place. Everyone deserves answers on their investments, but to be able to give meaningful and complete answers it requires the analysis of a large and complex amount of data, which we are working through with the SEC, Sternberger wrote in his statement.
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