View the profiles of people named Charlene Albanese. The current status of license is Licensed (Active) and it is valid till 06 December, 2022. A woman answered the phone Monday and took a message for Wallach. 3.01.00vd4930. What are the other possible names for Charlene Albanese? 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 dollars to personally enrich himself. [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". Join Facebook to connect with Charlene Albanese and others you may know. Here are their demands, Downtown S.F. Real estate agents in California can only work on behalf of a licensed real estate broker or real estate company. 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.. Your IP: 2. Charlene Rae Albanese has real estate license number 00943394 which was issued by California Real Estate Department on 07 December, 2018. "[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. They also indicate Wallach owned a beachfront Malibu property that is now renting for $30,000 a month. Cloudflare Ray ID: 7c0cf24e7ca90bda What everybodys looking for is the best structure and circumstances under which to do that, Amini said Wednesday. Casey died in May 2020 from a heart attack. wine startup leaves customers with thousands of Steph Curry adds to his Warriors legend by lighting up Kings for 50. [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'. Company. The Cliff House was once a colossal Victorian mansion that met a Californias historic snowpack remains massive. In fact, Wallach knew that PFI did not have large or even sufficient reserves to meet its obligations, had no lines of credit, and all properties had outstanding debt, the SEC complaint states. 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. 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. Current address 350 Ignacio Blvd #300, Novato, CA 94949 $3,440: B. Lived In Larkspur CA, San Rafael CA, Stinson Beach CA . Select this result to view Charlene T Albanese's phone number, address, and more. The Marin Independent Journal first reported on the federal investigation into Casey's companies in July, as they filed for bankruptcy. She may also be known by the following alternative names: Charlene Allanese, Charlene R Albanese, Charlene R Casey, Charle Albanese, Charlene Albanese, Charlene Casey. Get the latest posts delivered right to your inbox. 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. If this link does not work for you, you can also use FB directory https://www.facebook.com/directory/people/. Four of the investors are listed as Marin County residents. The SEC investigation is ongoing, according to an SEC spokesperson. "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. 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. We allege that PFI became a classic Ponzi scheme, U.S. Attorney David Anderson said in announcing the charges Tuesday. However, he had past legal troubles. We're 100% free for everything!' FamilyTree Now.com FamilyTree Now. 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. It is unclear whether more individuals associated with the company will be charged. The purported holdings also included nearly 1,000 apartments across 30 properties in Marin and southern Sonoma counties. The investigation does not mean the SEC has concluded that violations of the law have occurred, according to Sternberger. [8] The investigation revealed that 20% of PFI properties had no equity. 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.. A law firm managing the post-death transition reported financial irregularities to the SEC. Frugoli has said she repaid the loan in full prior to the beginning of any investigtion into the operation of Caseys companies. 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. I think most people are surprised at the extent of what Lewis did and were just waiting to see what happens, Lastreto said. We allege that for years Wallach conspired with PFIs founder to fool investors.. Reached Wednesday at his Southern California home in Encino, Wallach declined to comment. [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". How the investigation will impact the millions of dollars in investments made by nearly 1,000 investors is unclear. Charlene Albanese is a Manager, Property at PFI based in Novato, California. Join Facebook to connect with Michael Albanese and others you may know. [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. For example, Hinderliter could be listed as Henderliter. 00943394) is an employee of Inc Professional Financial Investors, a Real Estate Corporation (license number 01151855). The third result is Charlene Larue Albanese age 80+ in Santa Rosa, CA. Roseville resident Phil Lastreto first met Wallach in 2012 after investing in the companies. Foreign surnames can be transliterated and even translated (e.g. Box, Larkspur, CA 94977 was used in 2017. 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. 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. In 1997, Casey pleaded guilty to one count of conspiracy to defraud the federal government, five counts of tax evasion and filing false tax returns, and 41 counts of bank fraud. This alleged Ponzi scheme came crashing down just four months ago after the death of PFIs founder in May 2020. Refine Your Search Results. [2] Spotswood stated that Burt's Children Center had closed in 2010, and that "NextGen Marin was mostly a housing advocacy online presence". Lastretos former sister-in-law Donna Cales, a Roseville resident and investor in the companies since 2015, said the companies have always been professional and that her investment had been handled with care. 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. Our decision-making remains driven by a desire to achieve the best possible outcome under the circumstances for the investors, he wrote. [17], Casey was a donor to charitable and theatre causes, and political candidates. 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. Heres what I did wrong. This website is using a security service to protect itself from online attacks. 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. Like all of the other investors, I am waiting to see what can be preserved.". Wallach allegedly used the money to buy a vacation home, luxury cars, coin collections and pay for private school tuition. The companies own about 70 commercial properties including office spaces and apartment complexes in Marin and Sonoma counties. All Access Digital offer for just 99 cents! 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.. Your Privacy Choices (Opt Out of Sale/Targeted Ads). Frugoli borrowed $25,000 from Ken Casey, a Marin County entrepreneur, whose investment firms are now being investigated for potential fraud. Mr. Casey never attempted to curry favor from me or my office.. 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. Which cities has Charlene Albanese visited? Quite often, people use short versions of their name (i.e. 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. [3], Casey was one of Marin County's longest-serving members of the Human Rights Commission, serving from 2015 until his death. 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. 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". He divorced his wife, Charlene Albanese, in 1996, but left her the companies. This is a carousel. [17] More than a thousand individuals had their investments "co-mingled with potential ill-gotten gains", according to Hogan. Both companies filed for Chapter 11 bankruptcy in August with nervous investors hoping to secure at least part of their investments, which range up to the millions of dollars for some. [2] He was a benefactor for Burt's Children Center in San Francisco. He has already pleaded guilty to civil charges filed by the SEC, according to court documents. 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. However, those properties have debt exceeding $400 million and his companies owe more than $250 million to investors, he said in court records. 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. Tel: (415) 898-0875, 4158980875 A lawyer representing the company, Eric Sternberger, declined to comment Tuesday and deferred to Hogans letter. [8] Writing in the Marin Independent Journal (Marin IJ), Dick Spotswood called it the largest financial scandal in the history of Marin County. Charlene Albanese lives in Novato, CA; previous city include Larkspur CA. Note, Facebook may ask you to prove you're not a bot - just solve CAPTCHA. The current status of license is Licensed (Active) and it is valid till 06 December, 2022. 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. [8] The estimated value as of July 2020 of properties owned by the companies was $550million, and the companies owed about $650 million. [2] The San Francisco Chronicle reported the couple divorced in 1996. The U.S. Securities and Exchange Commission is investigating two Marin County property management and investment companies following the death of their proprietor. Casey's ex-wife Charlene Albanese had retained the law firm to handle the transition of Casey's companies to a new owner. Property records show Wallach owning an Encino (Los Angeles County) home with his wife purchased more than a decade ago for $3.5 million. It is quite rare but still happens that a person can be found being listed under a completely different name. The population of the US is 329,484,123 people (estimated 2020). Long vs. Lang). Susan Aiken, who is not a party to the federal case,alleges the companies committed securities fraud. Box 625, Larkspur, CA 94977-0625 was used in 2001, P.O. The news came as a shock to investors such as Phil Lastreto, who invested in the companies in 2012 at the recommendation of a friend. Forensic accountant Michael Hogan, who has been named chief restructuring officer for the companies, pored over the financial records and found the companies used new investor funds to pay off other investors interest payments and other debts, according to his bankruptcy declaration. He maintained complete control of the companies until his death, Hogan said. 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. 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. Search for Criminal & Traffic Records, Bankruptcies. 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. HOME; SEARCH; MY TREE Start . An SEC spokeswoman declined to comment. Last updated on March 06, 2022 at 7:59 PM (PST). 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. [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. He refused to let it end in Game 7, Do Not Sell/Share My Personal Information. The caller said hed kidnapped my wife. [2] PISF Inc. donated $300,000 towards a California state gas tax repeal in 2017funds which were then used by Travis Allen in his campaign for governor, according to the Marin IJ. A. Many investors entrusted Ken with their finances, including his employees and friends, as well as myself. 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. 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. Charlene Rae Albanese (License No. We cannot guarantee the accuracy, correctness and/or timeliness of the data. 81.4.126.112 Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. I was very confident in this company, Cales wrote in a text. 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. [16] CFO Manuel Romero resigned from the board, "as did real estate investor Lewis Wallach as president". [18][19], As of October 2020, the SEC investigation continues, and the possibility of other individuals being charged remains. [16] Lewis Wallach [8] was CEO since 1998, having been promoted after joining the company in 1990 as a bookkeeper. Facebook gives people the. In a statement to The Chronicle, Albanese said she hired lawyer Eric Sternberger two days after Caseys death to review the corporate finances. Charlene Rae Albanese, 74. He also donated to Travis Allens and John Coxs unsuccessful runs for governor. Its interesting for them to do a fact-finding investigation, but why would they freeze everything unless they thought there was something inappropriate that had gone on? Lastreto said. He was sentenced to 18 months in prison, according to court records. Jill vs. Jillian), sometimes they use their names international variations (Patrick/Padrig). The companies were marketed as a leading commercial real estate owner in Marin County, with nearly 600,000 square feet of commercial warehouse and office space. Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. Wallach joined the company as a bookkeeper in 1990 and was promoted to the companies president in 1998. Mr. Ver. Wallach faces both civil and criminal charges for allegedly violating several U.S. securities laws. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
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