Real estate agents, real estate brokers and realty companies are required to be licensed for conducting real estate transactions in the United States. 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. Your IP: Charlene Albanese's Phone Number and Email. 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. It seemed like too good to believe, and maybe it was, Lastreto said. Charlene Rae Albanese, 74. 350 Ignacio Blvd Ste 300, Novato, California, 94949, United States . The official mailing address of Charlene Rae Albanese is Po Box 625, Larkspur, California, 94977. It is unclear whether more individuals associated with the company will be charged. What are the other possible names for Charlene Albanese? [12] Since 1990,[7] he also owned Professional Financial Investors (PFI Inc.),[1] based in Novato, which managed more than "740 apartment units and over 600,000 square feet of commercial warehouse and office suites", according to its website. Frugoli has said she repaid the loan in full prior to the beginning of any investigtion into the operation of Caseys companies. An SEC spokeswoman declined to comment. In a letter on Friday, Hogan told investors that he is working with the companies restructuring team to evaluate an appropriate response.. Click to reveal .ad_mobile { display:none; } Address. 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. The Cliff House was once a colossal Victorian mansion that met a Californias historic snowpack remains massive. Charlene is related to Alice C Albanese and John J Albanese. Charlene Albanese is 75. [2] He was a benefactor for Burt's Children Center in San Francisco. [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'. [3], Casey was one of Marin County's longest-serving members of the Human Rights Commission, serving from 2015 until his death. [8] In December 2021, 60 out of the more than 70 properties owned by PFI and PISF were sold for $436.5 million. [8] The estimated value as of July 2020 of properties owned by the companies was $550million, and the companies owed about $650 million. He refused to let it end in Game 7, Do Not Sell/Share My Personal Information. Many investors entrusted Ken with their finances, including his employees and friends, as well as myself. What is Charlene Albanese's contact number? Its all dependent on getting fresh suckers, Schild said. 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. 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. 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. [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". We always thought Lewis was a really good guy, Lastreto said. Sometimes names in public records are misspelled due to silly typos and OCR errors. The population of the US is 329,484,123 people (estimated 2020). Property records show Wallach owning an Encino (Los Angeles County) home with his wife purchased more than a decade ago for $3.5 million. 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 petition for involuntary bankruptcy was filed in the U.S. District Court of Northern California. 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. 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. PFI. He divorced his wife, Charlene Albanese, in 1996, but left her the companies. 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. [3] The SEC alleges that Wallach knew the company was not financially secure at the time he told investors it was. 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. The SEC investigation is ongoing, according to an SEC spokesperson. The SEC initiated its investigation on May 28, he said. Like all of the other investors, I am waiting to see what can be preserved.". Court documents allege Wallach misappropriated $26 million from 1,300 investors between at least 2015 and 2020. 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. If this link does not work for you, you can also use FB directory https://www.facebook.com/directory/people/. [2] Spotswood stated that Burt's Children Center had closed in 2010, and that "NextGen Marin was mostly a housing advocacy online presence". Contact. He will continue to work with government to remedy the harm he has caused investors.. However, Casey had a criminal history of fraud and tax evasion. Money taken from new investors was allegedly used to pay existing investors while losses mounted behind the scenes. He was sentenced to 18 months in prison, according to court records. He covered environment, cannabis and county government for the Eureka Times-Standard and was a contributor to the Monterey Herald. 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. [1], Casey obtained a business license in 1983[7] and founded Professional Investors Security Fund Inc. (PISF Inc.) based in Ignacio, California. [16] Lewis Wallach [8] was CEO since 1998, having been promoted after joining the company in 1990 as a bookkeeper. The U.S. Securities and Exchange Commission and U.S. Attorneys Office alleged this week that the late Kenneth Casey and his business associate, Lewis Wallach, were co-conspirators who intentionally defrauded 1,300 individuals who invested in their two Novato real estate investments companies, Professional Financial Investors Inc., or PFI, and its associated fund, Professional Investors Security Fund Inc., or PISF. 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. 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. A case management hearing is scheduled for Dec. 28. While Im not able to comment on an active investigation, we immediately brought these issues to the SECs attention to examine some of Kens past business dealings. [17], Casey was a donor to charitable and theatre causes, and political candidates. "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. You can email the site owner to let them know you were blocked. I was very confident in this company, Cales wrote in a text. Box 625, Larkspur, CA 94977-0625 was used in 2001, P.O. Facebook gives people the. He was sentenced to 18 months in prison and three years of probation, according to court and state records. [1] Business [ edit] Casey became a certified public accountant (CPA) in 1977. She may also be known by the following alternative names: Charlene Allanese, Charlene R Albanese, Charlene R Casey, Charle Albanese, Charlene Albanese, Charlene Casey. Last month, both companies filed for bankruptcy. Charlene Rae Albanese has real estate license number 00943394 which was issued by California Real Estate Department on 07 December, 2018. However, those properties have debt exceeding $400 million and his companies owe more than $250 million to investors, he said in court records. 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. A copy of the SEC complaint can be found at bit.ly/3ip3B7a. [12] Responding to charges that the company may be reimbursing employees for maximum contributions, Casey stated, "Nobody is getting reimbursed for anything."[12]. Lori Frugoli is sworn in as Marin County District Attorny on Jan. 4, 2019 in this photo posted to the MarinGov. Wallach was always very reassuring, Lastreto said, and all of the interest payments were paid on time. 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. 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 Rae Albanese (License No. Jill vs. Jillian), sometimes they use their names international variations (Patrick/Padrig). [8] The investigation revealed that 20% of PFI properties had no equity. [8][11], After Casey's death, Charlene Albanesethe beneficiary of Casey's estate[13]hired the law firm Ragghianti Freitas to help with the ownership transition. A law firm managing the post-death transition reported financial irregularities to the SEC. 00943394) is an employee of Inc Professional Financial Investors, a Real Estate Corporation (license number 01151855). Performance & security by Cloudflare. This alleged Ponzi scheme came crashing down just four months ago after the death of PFIs founder in May 2020. In a June 7 letter to investors, Sternberger said he could not provide an answer on how the investigation might impact their investments. He was able to pull $200,000 out of his account with no problem at some point, so he's just waiting to find out how much of his remaining investment he'll ever see again. Charlene Albanese lives on Ignacio Blvd in Novato, California. We allege that PFI became a classic Ponzi scheme, U.S. Attorney David Anderson said in announcing the charges Tuesday. Susan Aiken, who is not a party to the federal case,alleges the companies committed securities fraud. It is quite rare but still happens that a person can be found being listed under a completely different name. In earlier correspondence, Hogan warned clients of serious misconduct at the companies and said the recovery of their investments could occur on two paths: bankruptcy or receivership. Will Houston covers environment, transportation, West Marin and the city of Novato for the Marin IJ. Company. [7] We're 100% free for everything!' FamilyTree Now.com FamilyTree Now. For example, Hinderliter could be listed as Henderliter. This page is not available in other languages. It also names the former company president, Lewis Wallach. A lawyer representing the company, Eric Sternberger, declined to comment Tuesday and deferred to Hogans letter. Last updated on March 06, 2022 at 7:59 PM (PST). A proposed judgment submitted to the court in the SEC case would bar him from serving as an officer or director for a public company in the future.
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