This is a carousel. He graduated with a Bachelor of Science degree in biology from San Diego State University. 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.. We allege that PFI became a classic Ponzi scheme, U.S. Attorney David Anderson said in announcing the charges Tuesday. 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. She may also be known by the following alternative names: Charlene Allanese, Charlene R Albanese, Charlene R Casey, Charle Albanese, Charlene Albanese, Charlene Casey. Charlene Albanese in Novato, CA - Spokeo 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. Investors sue amid probe of Marin investment firms Charlene Albanese, (415) 893-0000, Novato Public Records Instantly [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. This website is using a security service to protect itself from online attacks. He refused to let it end in Game 7, Do Not Sell/Share My Personal Information. Charlene Albanese in Novato, CA - (415) 898-0875, 4158980875 | 411 The SEC has a five-year statute of limitations to file the charges, according to an SEC spokesperson. Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. Get info on Charlene Rae Albanese - Novato, California - (415) 927-2290. 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. The second best result is Charlene T Albanese age 50s in Tonawanda, NY. 3.01.00vd4930. Charlene Albanese Profiles | Facebook The same person can appear under different names in public records. 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. Casey became a certified public accountant in 1977 but lost his certification after being convicted of the charges. The court would determine how much of Wallachs ill-gotten gains would be repaid along with any other penalties, according to the SEC. The investigation does not mean the SEC has concluded that violations of the law have occurred, according to Sternberger. Current address 350 Ignacio Blvd #300, Novato, CA 94949 $3,440: B. Nine previous addresses found, including 210 Monte Vista Ave, Larkspur, CA 94939, USA. Reached Wednesday at his Southern California home in Encino, Wallach declined to comment. Charlene Rae Albanese (License No. They have also lived in Meridian, ID and Wheaton, IL. However, he had past legal troubles. 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. Box, Larkspur, CA 94977 was used in 2017. Will Houston covers environment, transportation, West Marin and the city of Novato for the Marin IJ. Jay C. Barmann is a fiction writer and web editor who's lived in San Francisco for 20+ years. [17] More than a thousand individuals had their investments "co-mingled with potential ill-gotten gains", according to Hogan. 350 Ignacio Blvd Ste 300, Novato, California, 94949, United States . [3] The SEC alleges that Wallach knew the company was not financially secure at the time he told investors it was. [12] Casey, Albanese, and Wallach also donated the maximum allowed by law to Allen's campaign. Dear Abby: Am I overreacting to my European daughter-in-law's behavior? 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. Based on the residence history, we assume that at least two people, including. Search Charlene Albanese's public records online. [8] The investigation revealed that 20% of PFI properties had no equity. Last Update. The SEC initiated its investigation on May 28, he said. Read More. He said hed likely have to sell his Oakland condominium to pay off his debt. 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. Charlene Rae Albanese has real estate license number 00943394 which was issued by California Real Estate Department on 07 December, 2018. Hogan estimates Caseys companies owned interests in about 70 real estate properties with an estimated worth of more than $550 million. [17], Casey was a donor to charitable and theatre causes, and political candidates. The two companies deferred comment to the law firm. That was two days afterMichael Hogan, a restructuring specialist hired to manage the companies during the SEC probe, informed more than 1,000 investors that there will likely be insufficient equity to permit the return of all the principal to some of them. Heres what I did wrong. [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". Full Name, Age, Job and Education Records, View Social Media Profiles & Photos in One Place, Estimated values of property, vehicles, aircraft and watercraft, These are the people who lived at the same address and at the same time as this person, By using tree view and force view visualization techniques, you can discover potential connections between people based on information about their previous addresses. Charlene Albanese Novato, age 74, female. 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. Charlene Albanese can be found on facebook https://www.facebook.com/search/top/?q=Charlene+Albanese&epa=SEARCH_BOX. [2] He played soccer when young and was an outdoorsman later in life, making a dog sled expedition to the North Pole. He and two other executives resigned in May at the request of the companies newly hired restructuring officer, Michael Hogan, who was brought in to manage the companies and their properties as the SEC investigation took place. Novato investor linked to GOP donation flap - Marin Independent Journal [12] Casey, Albanese, Wallach and other PFI or PISF employees had earlier donated to similar political candidates. The 63-year-old is one of more than 1,000 investors scrambling to recover hundreds of millions of dollars from the alleged Ponzi scheme involving Casey, who died in May from a heart attack. The employer for Charlene Rae Albanese is Inc Professional Financial Investors (Real Estate Corporation). 3. Charlene Rae Albanese - Novato, California - (415) 927-2290 [12] Responding to charges that the company may be reimbursing employees for maximum contributions, Casey stated, "Nobody is getting reimbursed for anything."[12]. The current status of license is Licensed (Active) and it is valid till 06 December, 2022. The petition gives the company 21 days to consent to or contest the bankruptcy filing. We always thought Lewis was a really good guy, Lastreto said. Real estate agents, real estate brokers and realty companies are required to be licensed for conducting real estate transactions in the United States. 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. In a statement to The Chronicle,. Funds were frozen to preserve them for the investors, except those relating to bank debt and normal operating expenses, and all officers were removed. Facebook gives people the. A court declaration filed by Hogan stated Wallach appeared to have benefitted from how the companies were managed. Death of Marin Real Estate Investor Reveals Allegedly Vast Ponzi Scheme Wallach was always very reassuring, Lastreto said, and all of the interest payments were paid on time. Select this result to view Charlene T Albanese's phone number, address, and more. In a June 7 letter to investors, Sternberger said he could not provide an answer on how the investigation might impact their investments. Charlene Albanese is 75 years old and was born on 10/15/1947. Separately, another investor has filed a class-action lawsuit in Marin County Superior Court. 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 also donated to Travis Allens and John Coxs unsuccessful runs for governor. [7] They also indicate Wallach owned a beachfront Malibu property that is now renting for $30,000 a month. 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 What is Charlene Albanese's contact number? Does 350 Ignacio Blvd have any other residents besides Charlene Albanese? I think Ill be lucky to get half of it back and I consider myself lucky because other people had everything they owned invested and Ive heard there are people going on food stamps.. 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. * Other possible variations for this name:Sharlene, Charlen, Char, Charline, Carlene, Charlenea. A copy of the SEC complaint can be found at bit.ly/3ip3B7a. Feds investigating massive suspected Marin County Ponzi scheme It is unclear whether more individuals associated with the company will be charged. Last month, both companies filed for bankruptcy. There are at least 7 records for Charlene Albanese in our database alone. Its all dependent on getting fresh suckers, Schild said. Albanese has left the board. Property records show Wallach owning an Encino (Los Angeles County) home with his wife purchased more than a decade ago for $3.5 million. [2] Spotswood stated that Burt's Children Center had closed in 2010, and that "NextGen Marin was mostly a housing advocacy online presence". All mentioned corporate names and trademarks are the property of their respective owners. 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. Charlene Albanese is 75. Resides in Novato, CA. 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. The purported holdings also included nearly 1,000 apartments across 30 properties in Marin and southern Sonoma counties. 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. 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. You can email the site owner to let them know you were blocked. @media(max-width: 499px) { .ad_mobile { display:inline-block; min-width: 300px; width:100%; min-height: 100px; } } To seek answers, the companies have voluntarily asked the Securities and Exchange Commission to conduct a fact-finding inquiry into Kenneth J. Casey and his companies three decades of real estate investments, Sternberger wrote in a statement. Your IP: Its pretty scary for a lot of people, he said. Four of the investors are listed as Marin County residents. Robin Schild was so happy with his $250,000 investment, he mortgaged his house for $400,000 and sunk that too into Ken Caseys real estate investment firms that promised sky-high returns and came with even higher praise from friends. Caseys ex-wife Charlene Albanese had retained the law firm to handle the transition of Caseys companies to a new owner. Wallach and two other corporate officers resigned in June at the request of Hogan and Sternberger. 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. [3], In July 2020, PFI Inc. and PISF Inc. filed for Chapter 11 bankruptcy. Dear Abby: I have a great life, so why have I fallen into this shameful behavior? [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. Company. 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. 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. What everybodys looking for is the best structure and circumstances under which to do that, Amini said Wednesday. HOME; SEARCH; MY TREE Start . The Cliff House was once a colossal Victorian mansion that met a Californias historic snowpack remains massive. The companies own about 70 commercial properties including office spaces and apartment complexes in Marin and Sonoma counties. 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. 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. 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. It is quite rare but still happens that a person can be found being listed under a completely different name. 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. I was very confident in this company, Cales wrote in a text. Join Facebook to connect with Michael Albanese and others you may know. Yes, Marin County actually does have some public housing, but residents have filed suit because the county wont do anything about the rats, exposed electrical wires, and general disrepair. The U.S. Securities and Exchange Commission is investigating two Marin County property management and investment companies following the death of their proprietor. What happened on first day of CHP drug dealing crackdown in S.F. Charlene lives in the 94949. Ver. In 1997, Casey pleaded guilty in federal court to one count of conspiracy to defraud the federal government, five counts of tax evasion, 41 counts of bank fraud and five counts of filing false income tax returns. [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". 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. 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. Frugoli has said she repaid the loan in full prior to the beginning of any investigtion into the operation of Caseys companies. Lastreto said he mostly worked with Professional Financial Investors Inc. president Lewis Wallach, and rarely if ever interacted with Casey. I think most people are surprised at the extent of what Lewis did and were just waiting to see what happens, Lastreto said. [8] In December 2021, 60 out of the more than 70 properties owned by PFI and PISF were sold for $436.5 million. Get the latest posts delivered right to your inbox. 81.4.126.112 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.. View the profiles of people named Michael Albanese. A hearing in the Marin lawsuit is set forNov. 19. 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. [8] Hogan stated that the investors would be best served by pursuing bankruptcy. View Public Record Results ✓ Addresses. He will continue to work with government to remedy the harm he has caused investors.. 11/20/2022 12:12 PM. All Access Digital offer for just 99 cents! Hogan and Sternberger have both stated that Albanese had no control of and had not been directing the company or its finances before Caseys death. Mr. Casey never attempted to curry favor from me or my office.. View the profiles of people named Charlene Albanese. Roseville resident Phil Lastreto first met Wallach in 2012 after investing in the companies. A. Charlene Albanese - Address & Phone Number | Whitepages We all deserve a full accounting of our investments, Albanese said. Attacks on delivery drivers add to gig workers fears, Search for missing Oklahoma teens leads to house, 7 dead, Los Banos woman killed in crash east of Gilroy, False alarms, few leads as search drags on for Texas gunman, Harriette Cole: My friend's mom didn't recognize me at my job, and she was very rude. It also names the former company president, Lewis Wallach. Facebook gives people the. 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. (415) 382-6001. We cannot guarantee the accuracy, correctness and/or timeliness of the data. This S.F. Join Facebook to connect with Charlene Albanese and others you may know. Dear Abby: I have a great life, so why have I fallen into this shameful behavior? And theres not an infinite supply of suckers., Matthias Gafni is a San Francisco Chronicle staff writer. Others associated with the Companies also appear to have been involved and benefitted from the scheme, and this investigation is ongoing.. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Wallach allegedly used the money to buy a vacation home, luxury cars, coin collections and pay for private school tuition. [12] A Marin County Supervisor said he was the largest owner of commercial properties in the county. Charlene has seen four cities, including Belvedere Tiburon, CA and Novato, CA. 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. Here are their demands, Downtown S.F. Your Privacy Choices (Opt Out of Sale/Targeted Ads). What is the present address for Charlene Albanese? Wallach joined the company as a bookkeeper in 1990 and was promoted to the companies president in 1998. This alleged Ponzi scheme came crashing down just four months ago after the death of PFIs founder in May 2020. Real estate agents in California can only work on behalf of a licensed real estate broker or real estate company. 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. Dear Abby: Am I overreacting to my European daughter-in-law's behavior? [1], Casey obtained a business license in 1983[7] and founded Professional Investors Security Fund Inc. (PISF Inc.) based in Ignacio, California. Feds scrutinize Marin investment firms after death of owner Sometimes names in public records are misspelled due to silly typos and OCR errors. Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. However, those properties have debt exceeding $400 million and his companies owe more than $250 million to investors, he said in court records.

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