The U.S. Attorneys Office alleges Wallach used investor funds to advance his personal development projects in California and Texas such as oil and gas exploration projects as well as to pay down his credit cards. The companies own about 70 commercial properties including office spaces and apartment complexes in Marin and Sonoma counties. Last month, both companies filed for bankruptcy. In the past, Charlene has also been known as Charlene R Casey, Charlene R Albenese, Charlene R Albanese, Charle Albanese and Charlene Albauese. 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). 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". A. What are the other possible names for Charlene Albanese? Since investing in 2016, the Albany resident said he regularly received his monthly 9% interest payments deposited into his bank account and at one point withdrew $200,000 from his account with no problems. Big shift in weather is headed to California. If convicted in criminal court, Wallach could face up to 20-year maximum prison sentences for each charge, a fine of $250,000 and to pay other restitution, according to the U.S. Attorneys Office. Resides in Novato, CA. 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. If this link does not work for you, you can also use FB directory https://www.facebook.com/directory/people/. Casey became a certified public accountant in 1977 but lost his certification after being convicted of the charges. Box 625, Larkspur, CA 94977-0625 was used in 2001, P.O. The petition gives the company 21 days to consent to or contest the bankruptcy filing. (415) 382-6001. A spokesman for the SEC declined to comment about the investigation this week. The petition for involuntary bankruptcy was filed in the U.S. District Court of Northern California. Charlene has seen four cities, including Belvedere Tiburon, CA and Novato, CA. In addition there was one $400. [16] CFO Manuel Romero resigned from the board, "as did real estate investor Lewis Wallach as president". We allege that for years Wallach conspired with PFIs founder to fool investors.. A court declaration filed by Hogan stated Wallach appeared to have benefitted from how the companies were managed. 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. 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. Feds charge former Bay Area businessman in massive 'Ponzi scheme' 3.01.00vd4930. [1], Casey obtained a business license in 1983[7] and founded Professional Investors Security Fund Inc. (PISF Inc.) based in Ignacio, California. 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. This is in part due to the variability of the investor types, he said, which include members of limited liability companies and various types of lenders. 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. The lawsuit names Charlene Albanese Casey's ex-wife and a former Professional Financial Investors board member as a defendant solely for her role as personal representative for Casey's. This surname is found in public records in various versions, some of which are Albanes, Albenese, Albanse, Aldanese, Alvanese, Albanses, Abanese, Alabanese, Alanese, Albonese, Albanase, Albanesejr, Lbanese, Richar, Anese, Albanesa, Albamese, Albanise, Albanesse, Albaneses, Banese, Albnese, Albansese, Albanese albanese, Counties publish data that may contain information about people. Nine previous addresses found, including 210 Monte Vista Ave, Larkspur, CA 94939, USA. What is the present address for Charlene Albanese? There is also the concern that investors could be out on their investment and payments, which Lastreto said people rely on for everything from daily needs to medical expenses. Caseys ex-wife Charlene Albanese had retained the law firm to handle the transition of Caseys companies to a new owner. 350 IGNACIO BLVD STE 300, NOVATO, CA 94949. [12] Responding to charges that the company may be reimbursing employees for maximum contributions, Casey stated, "Nobody is getting reimbursed for anything."[12]. Tel: (415) 898-0875, 4158980875 The third result is Charlene Larue Albanese age 80+ in Santa Rosa, CA. We will continue to combat fraud targeting our most vulnerable investors, and we encourage all investors to use the resources available on the commissions website to help identify risks and red flags.. What is Charlene Albanese's contact number? 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Last updated on March 06, 2022 at 7:59 PM (PST). 81.4.126.112 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. Marker Address Rent ? The investors attorney, Debra Grassgreen, declined to comment. The law firm found several financial irregularities that raised red flags, prompting them to voluntarily approach the SEC. The U.S. Attorneys Office and Federal Bureau of Investigation led a separate criminal investigation. Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. Make sure to check as many variants as possible. . 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. Wallach could not be reached for comment. 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. We're 100% free for everything!' FamilyTree Now.com FamilyTree Now. [8] Writing in the Marin Independent Journal (Marin IJ), Dick Spotswood called it the largest financial scandal in the history of Marin County. 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. Charlene Rae Albanese has real estate license number 00943394 which was issued by California Real Estate Department on 07 December, 2018. Michael Albanese Profiles | Facebook Get Morning Report and other email newsletters. 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 Casey started his companies in 1983, serving as the sole officer until 1998. Use Next and Previous buttons to navigate. He will continue to work with government to remedy the harm he has caused investors.. In a statement to The Chronicle, Albanese said she hired lawyer Eric Sternberger two days after Caseys death to review the corporate finances. Dear Abby: I have a great life, so why have I fallen into this shameful behavior? 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.. Quite often, people use short versions of their name (i.e. Real estate agents, real estate brokers and realty companies are required to be licensed for conducting real estate transactions in the United States. A law firm managing the post-death transition reported financial irregularities to the SEC. Does 350 Ignacio Blvd have any other residents besides Charlene Albanese? Charlene Albanese is 75. [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". Refine Your Search Results. Charlene Rae Albanese has real estate license number 00943394 which was issued by California Real Estate Department on 07 December, 2018. Charlene Albanese in Novato, CA - (415) 898-0875, 4158980875 | 411 Make sure to check Marin county records. Run a background search to uncover their phone number, address, social photos, emails and more. He did not return the call. Address. 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. "Words cannot express my deep shock concerning information that has. [12] A Marin County Supervisor said he was the largest owner of commercial properties in the county. He was sentenced to 18 months in prison and three years of probation, according to court and state records. [3], Casey was one of Marin County's longest-serving members of the Human Rights Commission, serving from 2015 until his death. Facebook gives people the. [5] He died on May 6, 2020 at the age of 73 of a heart attack. Search Charlene Albanese's public records online. Where did Charlene Albanese formerly reside? [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. Foreign surnames can be transliterated and even translated (e.g. This page is not available in other languages. View the profiles of people named Charlene Albanese. How the investigation will impact the millions of dollars in investments made by nearly 1,000 investors is unclear. [5] He died on May 6, 2020 at the age of 73 of a heart attack. Email: matthias.gafni@sfchronicle.com Twitter: @mgafni, Feds investigating massive suspected Marin County Ponzi scheme involving dead real estate investor, They defied health rules for a storybook San Francisco wedding. Charlene Albanese's Phone Number and Email. A large portion of the investments was actually being used to cover the interest payments and equity disbursements of previous investors, according to the SEC. [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. 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. 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. The same person can appear under different names in public records. 350 Ignacio Boul, Novato, CA 94949-7202 is the residential address for Charlene. California man accused of treating thousands of people without a medical license for years, DA says. The investors claim stakes of $100,000 to $3.3 million with Professional Investors Security Fund Inc. and an affiliated company, Professional Financial Investors Inc. 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. A lawyer representing the company, Eric Sternberger, declined to comment Tuesday and deferred to Hogans letter. [8] Hogan stated that the investors would be best served by pursuing bankruptcy. wine startup leaves customers with thousands of Steph Curry adds to his Warriors legend by lighting up Kings for 50. The Cliff House was once a colossal Victorian mansion that met a Californias historic snowpack remains massive. Wallach was always very reassuring, Lastreto said, and all of the interest payments were paid on time.
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