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San Diego Developer Pleads Guilty in $400 Million Investment Fraud Case

Federal Prosecutor Says Case Involved the Largest Ponzi Scheme in California’s Southern District
Patio on Lamont in Pacific Beach is among several San Diego restaurant properties placed up for sale or sold off by a court-appointed receiver to recoup investor money in a fraud case. (American National Investments)
Patio on Lamont in Pacific Beach is among several San Diego restaurant properties placed up for sale or sold off by a court-appointed receiver to recoup investor money in a fraud case. (American National Investments)
CoStar News
July 24, 2020 | 12:56 AM

Prominent San Diego real estate developer and restaurateur Gina Champion-Cain, who heads American National Investments, has pleaded guilty to federal fraud charges in a $400 million Ponzi scheme and will be sentenced in October.

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