charlene albanese novato, ca

3.01.00vd4930. Lori Frugoli is sworn in as Marin County District Attorny on Jan. 4, 2019 in this photo posted to the MarinGov. The investors attorney, Debra Grassgreen, declined to comment. [1] Business [ edit] Casey became a certified public accountant (CPA) in 1977. Charlene Albanese Novato, age 74, female. [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". 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. The lawsuit names Charlene Albanese Caseys ex-wife and a former Professional Financial Investors board member as a defendant solely for her role as personal representative for Caseys estate. 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. @media(max-width: 499px) { .ad_mobile { display:inline-block; min-width: 300px; width:100%; min-height: 100px; } } Wallach could not be reached for comment. Frugoli has said she repaid the loan in full prior to the beginning of any investigtion into the operation of Caseys companies. 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. All Filters. 2. 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. Long vs. Lang). 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. 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. 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. People with the same last name and sometimes even full name can become a real headache to search for example, Richard Harringtonis found in our records 773 times. 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.. 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. 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. It is quite rare but still happens that a person can be found being listed under a completely different name. Search for Criminal & Traffic Records, Bankruptcies. Casey's ex-wife Charlene Albanese had retained the law firm to handle the transition of Casey's companies to a new owner. [2] The company website claimed over 1,500 investors,[1] and many investors were not aware of Casey's past felonies. 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. There are at least 7 records for Charlene Albanese in our database alone. Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. Charlene Rae Albanese has real estate license number 00943394 which was issued by California Real Estate Department on 07 December, 2018. View phone number, full address and more on 411.info. Email. 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. For example, Hinderliter could be listed as Henderliter. The second best result is Charlene T Albanese age 50s in Tonawanda, NY. The current status of license is Licensed (Active) and it is valid till 06 December, 2022. [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. The SEC has a five-year statute of limitations to file the charges, according to an SEC spokesperson. He covered environment, cannabis and county government for the Eureka Times-Standard and was a contributor to the Monterey Herald. He refused to let it end in Game 7, Do Not Sell/Share My Personal Information. The complaint alleges the companies knowingly misled investors and violated the California Securities Act by failing to register the investments as securities. A spokesman for the SEC declined to comment about the investigation this week. [18][19], As of October 2020, the SEC investigation continues, and the possibility of other individuals being charged remains. Casey, who died after a heart attack in May, founded the companies. He also donated to Travis Allens and John Coxs unsuccessful runs for governor. 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. 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. [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. Note, Facebook may ask you to prove you're not a bot - just solve CAPTCHA. 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. 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. He maintained complete control of the companies until his death, Hogan said. 00943394) is an employee of Inc Professional Financial Investors, a Real Estate Corporation (license number 01151855). All Access Digital offer for just 99 cents! A woman answered the phone Monday and took a message for Wallach. We all deserve a full accounting of our investments, Albanese said. Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. [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. Based on the residence history, we assume that at least two people, including. The caller said hed kidnapped my wife. [16] CFO Manuel Romero resigned from the board, "as did real estate investor Lewis Wallach as president". PFI. "Words cannot express my deep shock concerning information that has. Court records indicate that at least two other investors have filed joinders since then. In the past, Charlene has also been known as Charlene R Casey, Charlene R Albenese, Charlene R Albanese, Charle Albanese and Charlene Albauese. The companies former CEO may have profited from it himself, and he has reportedly reached a settlement with Albanese's lawyers in which he is returning some funds. . Run a background search to uncover their phone number, address, social photos, emails and more. [1], Casey was raised in Queens, New York, moving to Marin County in 1975. 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. They also indicate Wallach owned a beachfront Malibu property that is now renting for $30,000 a month. 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. View Public Record Results ✓ Addresses. Get Morning Report and other email newsletters. [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". The same person can appear under different names in public records. The employer for Charlene Rae Albanese is Inc Professional Financial Investors (Real Estate Corporation). [2] The San Francisco Chronicle reported the couple divorced in 1996. Its like, do I need this in the middle of the worst epidemic in 100 years? Schild said in an interview with The Chronicle. HOME; SEARCH; MY TREE Start . And theres not an infinite supply of suckers., Matthias Gafni is a San Francisco Chronicle staff writer. Foreign surnames can be transliterated and even translated (e.g. The third result is Charlene Larue Albanese age 80+ in Santa Rosa, CA. Box, Larkspur, CA 94977 was used in 2017. [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'. 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. Select this result to view Charlene T Albanese's phone number, address, and more. Charlene has seen four cities, including Belvedere Tiburon, CA and Novato, CA. We cannot guarantee the accuracy, correctness and/or timeliness of the data. Last updated on March 06, 2022 at 7:59 PM (PST). The Cliff House was once a colossal Victorian mansion that met a Californias historic snowpack remains massive. 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. [3], In July 2020, PFI Inc. and PISF Inc. filed for Chapter 11 bankruptcy. Words cannot express my deep shock concerning information that has come to light regarding my ex-husbands corporate finances after he passed away, Albanese said in a statement provided by the law firm. However, Casey had a criminal history of fraud and tax evasion. He refused to let it end in Game 7, Do Not Sell/Share My Personal Information. All Access Digital offer for just 99 cents! 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. You can email the site owner to let them know you were blocked. Funds were frozen to preserve them for the investors, except those relating to bank debt and normal operating expenses, and all officers were removed. What is the present address for Charlene Albanese? Resides in Novato, CA. 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.. Roseville resident Phil Lastreto first met Wallach in 2012 after investing in the companies. 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. 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.. Get info on Charlene Rae Albanese - Novato, California - (415) 927-2290. Lastreto said he and other investors hes spoken to are glad that Wallach has been charged, but said the allegations still came as a shock. 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 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. 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. He said hed likely have to sell his Oakland condominium to pay off his debt. 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. 3. Albanese has left the board. The petition gives the company 21 days to consent to or contest the bankruptcy filing. 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. Susan Aiken, who is not a party to the federal case,alleges the companies committed securities fraud. Join Facebook to connect with Michael Albanese and others you may know. [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". Tel: (415) 898-0875, 4158980875 [8] The investigation revealed that 20% of PFI properties had no equity. wine startup leaves customers with thousands of Steph Curry adds to his Warriors legend by lighting up Kings for 50. Refine Your Search Results. Im not supporting her to get out of any parking tickets., Frugoli told The Chronicle on Monday that in May she repaid the loan in full prior to any of the recently discovered information about PSIF Inc., Mr. 15 Woodside Ct, Novato, CA 94947, lived here in 2018 $3,200: C. 350 Ignacio Blvd #105, Novato, CA 94949, lived here in 2018 It seemed like too good to believe, and maybe it was, Lastreto said. 11/20/2022 12:12 PM. The companies collected $330 million of investments from 2015 to 2020, many of them from elderly or retired individuals who invested life savings and relied on the interest payments for daily expenses, the court documents state. In a statement to The Chronicle, Albanese said she hired lawyer Eric Sternberger two days after Caseys death to review the corporate finances. In a letter on Friday, Hogan told investors that he is working with the companies restructuring team to evaluate an appropriate response.. 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. 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. 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. Everybody that Ive mentioned to you, every one of us has received every penny due to us right on time, said Lastreto, a former Marin resident who lives in Roseville. A lawyer representing the company, Eric Sternberger, declined to comment Tuesday and deferred to Hogans letter. 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. (415) 382-6001. 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. He has voluntarily turned over property and money to PFI and PISF. The petition for involuntary bankruptcy was filed in the U.S. District Court of Northern California. Get Morning Report and other email newsletters. However, those properties have debt exceeding $400 million and his companies owe more than $250 million to investors, he said in court records. We're 100% free for everything!' FamilyTree Now.com FamilyTree Now. The population of the US is 329,484,123 people (estimated 2020). 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.. Box 625, Larkspur, CA 94977-0625 was used in 2001, P.O. [2] He played soccer when young and was an outdoorsman later in life, making a dog sled expedition to the North Pole. A hearing in the Marin lawsuit is set forNov. 19. [8][9][10] He served 18 months in prison[11] for "21 counts of bank fraud, five counts of tax evasion, five counts of filing false income tax returns and one count of conspiracy to defraud the United States", according to the Point Reyes Light. The two companies deferred comment to the law firm. Charlene Albanese can be found on facebook https://www.facebook.com/search/top/?q=Charlene+Albanese&epa=SEARCH_BOX. [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". Click to reveal Wallach faces both civil and criminal charges for allegedly violating several U.S. securities laws. Charlene Rae Albanese has real estate license number 00943394 which was issued by California Real Estate Department on 07 December, 2018. Before its website was shut down last week, Professional Financial Investors Inc. stated it managed nearly 600,000 square feet of commercial warehouse and office space as well as close to 1,000 apartments in Marin and southern Sonoma counties. Ver. 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. Frugoli borrowed $25,000 from Ken Casey, a Marin County entrepreneur, whose investment firms are now being investigated for potential fraud. Nine previous addresses found, including 210 Monte Vista Ave, Larkspur, CA 94939, USA. He was sentenced to 18 months in prison and three years of probation, according to court and state records. * Other possible variations for this name:Sharlene, Charlen, Char, Charline, Carlene, Charlenea. [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 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. [8] The SEC's "non-public, fact-finding inquiry" began on May 28, 2020;[14] Michael Hogan was enlisted as the chief restructuring officer,[8] hired by the law firm retained by Albanese. Like all of the other investors, I am waiting to see what can be preserved.". 350 Ignacio Blvd Ste 300, Novato, California, 94949, United States . [12] Casey, Albanese, and Wallach also donated the maximum allowed by law to Allen's campaign. 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. Casey started his companies in 1983, serving as the sole officer until 1998. "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. The official mailing address of Charlene Rae Albanese is Po Box 625, Larkspur, California, 94977. Licensed real estate professionals / entities are also commonly referred to as real estate agents or Realtors. Wallach, 64, has served as PFIs president and CEO since 1998. They have also lived in Meridian, ID and Wheaton, IL. He will plead guilty to the criminal charges that have been filed by the Department of Justice. To find the truth, we are and will continue to cooperate fully with the inquiry to ensure the timely completion of their work on behalf of the investors., Feds scrutinize Marin investment firms after, 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 scrutinize Marin investment firms after death of owner, Army helicopter crashes off Florida; 11 Marines and soldiers presumed dead. Heres what I did wrong. 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. Hogan estimates Caseys companies owned interests in about 70 real estate properties with an estimated worth of more than $550 million. 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. 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. Casey became a certified public accountant in 1977 but lost his certification after being convicted of the charges. Separately, another investor has filed a class-action lawsuit in Marin County Superior Court. Money taken from new investors was allegedly used to pay existing investors while losses mounted behind the scenes. Twitter account. 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. [2] He described PISF Inc. as "a personal corporation that I have owned since the early 1980s that I use for my own personal business reasons". Does 350 Ignacio Blvd have any other residents besides Charlene Albanese? Quite often, people use short versions of their name (i.e. The federal investigations into the companies began at the request of a law firm hired by Caseys ex-wife, Charlene Albanese, who is also the beneficiary of Caseys estate, to handle the companies transition. 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. 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. Charlene Albanese in Novato, CA Charlene Albanese may also have lived outside of Novato, such as Larkspur and San Rafael. Professional Financial Investors Inc.s website is no longer operational, though the company continues to operate, according to Sternbergers letters. Heis charged with embezzling $26 million from a PFI account to personally enrich himself and using the money to buy personal items such as a Malibu vacation home and luxury cars. Make sure to check as many variants as possible. View the profiles of people named Michael Albanese. 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). Real estate agents, real estate brokers and realty companies are required to be licensed for conducting real estate transactions in the United States. Mr. Casey never attempted to curry favor from me or my office.. She was born on Oct 15, 1947. Caseys ex-wife Charlene Albanese had retained the law firm to handle the transition of Caseys companies to a new owner. [12] Casey, Albanese, Wallach and other PFI or PISF employees had earlier donated to similar political candidates. He divorced his wife, Charlene Albanese, in 1996, but left her the companies. Abrupt closure of S.F. Charlene Rae Albanese, 74. [2] Spotswood stated that Burt's Children Center had closed in 2010, and that "NextGen Marin was mostly a housing advocacy online presence". The SEC investigation is ongoing, according to an SEC spokesperson. The U.S. Attorneys Office and Federal Bureau of Investigation led a separate criminal investigation. 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.

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