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SEC Alleges Misappropriation of Funds in Los Angeles Area Real Estate Investments

Agency Files Complaint Against Fund Operator Over $9 Million Raised from 100 Investors
A complaint filed with the U.S. District Court in Los Angeles by the Securities and Exchange Commission focuses on the use of money paid into four real estate investment funds led by a Santa Clarita operator. (CoStar)
A complaint filed with the U.S. District Court in Los Angeles by the Securities and Exchange Commission focuses on the use of money paid into four real estate investment funds led by a Santa Clarita operator. (CoStar)
CoStar News
July 1, 2021 | 11:17 P.M.

The Securities and Exchange Commission said a Santa Clarita, California, investment firm operator misappropriated more than $9 million from over 100 investors through four real estate fund offerings that the agency said were unregistered and fraudulent.

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