[2] He was a benefactor for Burt's Children Center in San Francisco. 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. We allege that for years Wallach conspired with PFIs founder to fool investors.. The virus didnt spare them, Exclusive: Navy report details final days of Roosevelt sailor who died from COVID complications. [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". [3] The SEC alleges that Wallach knew the company was not financially secure at the time he told investors it was. 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. Charlene Albanese's Phone Number and Email. Charlene lives in the 94949. Join Facebook to connect with Charlene Albanese and others you may know. Contact. The U.S. Attorneys Office and Federal Bureau of Investigation led a separate criminal investigation. A law firm managing the post-death transition reported financial irregularities to the SEC. Having seen the changes in Marin throughout his life and knowing how difficult new development is, Lastreto said he and others saw how valuable it would be to invest in 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. 350 Ignacio Boul, Novato, CA 94949-7202 is the residential address for Charlene. Its pretty scary for a lot of people, he said. Everything may still be fine, but we must wait to find out., In the past week, Lastreto said he and acquaintances who have also invested in the companies have been in the dark on what is going on, which has led to some blue-sky speculation.. Charlene Rae Albanese, 74. Charlene Albanese - Manager, Property - PFI | ZoomInfo Casey had recently become active in donating to Republican causes, including a $300,000 donation from Caseys companies to a committee created to advocate for the repeal of the states gas tax. The SEC has a five-year statute of limitations to file the charges, according to an SEC spokesperson. Novato investor linked to GOP donation flap - Marin Independent Journal The Cliff House was once a colossal Victorian mansion that met a Californias historic snowpack remains massive. Charlene Albanese Profiles | Facebook 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. Wallach joined the company as a bookkeeper in 1990 and was promoted to the companies president in 1998. The petition gives the company 21 days to consent to or contest the bankruptcy filing. Will Houston covers environment, transportation, West Marin and the city of Novato for the Marin IJ. We cannot guarantee the accuracy, correctness and/or timeliness of the data. Get Morning Report and other email newsletters. 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. The federal investigations into the companies began at the request of a law firm hired by Caseys ex-wife, Charlene Albanese, who is also the beneficiary of Caseys estate, to handle the companies transition. 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. He graduated with a Bachelor of Science degree in biology from San Diego State University. There are at least 7 records for Charlene Albanese in our database alone. [8] The SEC's "non-public, fact-finding inquiry" began on May 28, 2020;[14] Michael Hogan was enlisted as the chief restructuring officer,[8] hired by the law firm retained by Albanese. Resides in Novato, CA. [1], Casey obtained a business license in 1983[7] and founded Professional Investors Security Fund Inc. (PISF Inc.) based in Ignacio, California. Click to reveal Quite often, people use short versions of their name (i.e. The state panel is preparing a final report that will suggest how to compensate Black residents to address the harms caused by the states history of slavery. Make sure to check Marin county records. Current address 350 Ignacio Blvd #300, Novato, CA 94949 $3,440: B. needs these 5 sites to thrive so the city can recover. 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. A court declaration filed by Hogan stated Wallach appeared to have benefitted from how the companies were managed. A case management hearing is scheduled for Dec. 28. The petition for involuntary bankruptcy was filed in the U.S. District Court of Northern California. 350 IGNACIO BLVD STE 300, NOVATO, CA 94949. Roseville resident Phil Lastreto first met Wallach in 2012 after investing in the companies. Get info on Charlene Rae Albanese - Novato, California - (415) 927-2290. I am heartbroken and sick to my stomach that so many investors, myself included, have been devastated by Kens actions. 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. * Other possible variations for this name:Sharlene, Charlen, Char, Charline, Carlene, Charlenea. Join Facebook to connect with Michael Albanese and others you may know. [8] Hogan stated that the investors would be best served by pursuing bankruptcy. [5] He died on May 6, 2020 at the age of 73 of a heart attack. In a statement to The Chronicle, Albanese said she hired lawyer Eric Sternberger two days after Caseys death to review the corporate finances. 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. Company operations are stable, Chapter 11 has been filed, and I am resigning from the director position so professionals and creditors can appoint a qualified independent director, she continued. She was born on Oct 15, 1947. She may also be known by the following alternative names: Charlene Allanese, Charlene R Albanese, Charlene R Casey, Charle Albanese, Charlene Albanese, Charlene Casey. In the past, Charlene has also been known as Charlene R Casey, Charlene R Albenese, Charlene R Albanese, Charle Albanese and Charlene Albauese. 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. [16] Lewis Wallach [8] was CEO since 1998, having been promoted after joining the company in 1990 as a bookkeeper. Charlene Albanese is 75 years old and was born on 10/15/1947. Charlene Rae Albanese is a licensed real estate salesperson in the city of Larkspur, California. He refused to let it end in Game 7, Do Not Sell/Share My Personal Information. 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. [12] Casey, Albanese, and Wallach also donated the maximum allowed by law to Allen's campaign. Charlene Rae Albanese has a license type of Real Estate Salesperson which allows a real estate professional to perform services such as selling, buying, renting, auctioning, advertising of real estate properties, but only on behalf of a real estate broker (licensed broker who employs the sales agent). The action you just performed triggered the security solution. One such investor, 63-year-old Robin Schild, tells the Chronicle that he'd invested $250,000 with Casey, only to be so happy with the stated returns that he mortgaged his home to invest more. Last Update. Facebook gives people the. 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. The seven investors filed petitions seeking involuntary bankruptcy proceedings on July 16. This S.F. Charlene Rae Albanese has real estate license number 00943394 which was issued by California Real Estate Department on 07 December, 2018. Cloudflare Ray ID: 7c0cf24e7ca90bda The population of the US is 329,484,123 people (estimated 2020). Use Next and Previous buttons to navigate. [12] A Marin County Supervisor said he was the largest owner of commercial properties in the county. The employer for Charlene Rae Albanese is Inc Professional Financial Investors (Real Estate Corporation). Dear Abby: Am I overreacting to my European daughter-in-law's behavior? [3], In July 2020, PFI Inc. and PISF Inc. filed for Chapter 11 bankruptcy. Charlene Albanese Novato, age 74, female. We always thought Lewis was a really good guy, Lastreto said. The official mailing address of Charlene Rae Albanese is Po Box 625, Larkspur, California, 94977. A. In addition there was one $400. 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. 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. Our decision-making remains driven by a desire to achieve the best possible outcome under the circumstances for the investors, he wrote. Jill vs. Jillian), sometimes they use their names international variations (Patrick/Padrig). Frugoli borrowed $25,000 from Ken Casey, a Marin County entrepreneur, whose investment firms are now being investigated for potential fraud. The SEC investigation is ongoing, according to an SEC spokesperson. Wallach could not be reached for comment. Jay C. Barmann is a fiction writer and web editor who's lived in San Francisco for 20+ years. Wallach, 64, has served as PFIs president and CEO since 1998. 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. Professional Financial Investors Inc.s website is no longer operational, though the company continues to operate, according to Sternbergers letters. He will plead guilty to the criminal charges that have been filed by the Department of Justice. Based on the residence history, we assume that at least two people, including. Wallach allegedly used the money to buy a vacation home, luxury cars, coin collections and pay for private school tuition. He was sentenced to 18 months in prison and three years of probation, according to court and state records. It seemed like too good to believe, and maybe it was, Lastreto said. Others associated with the Companies also appear to have been involved and benefitted from the scheme, and this investigation is ongoing.. Investors sue amid probe of Marin investment firms The investors attorney, Debra Grassgreen, declined to comment. The second best result is Charlene T Albanese age 50s in Tonawanda, NY. Mr. 81.4.126.112 Kenneth J. Casey - Wikipedia The current status of license is Licensed (Active) and it is valid till 06 December, 2022. Like many others, I was shocked to learn of the allegations which have surfaced. 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. 350 Ignacio Blvd Ste 300, Novato, California, 94949, United States . [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. 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. 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. Ver. In a June 7 letter to investors, Sternberger said he could not provide an answer on how the investigation might impact their investments. The Marin Independent Journal first reported on the federal investigation into Casey's companies in July, as they filed for bankruptcy. Robin Schild poses for a portrait at his home on Wednesday, August 5, 2020, in Albany, Calif. Robin invested a total of $650K, starting in 2016, in an alleged Ponzi scheme by dead Novato businessman Ken Casey. 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. Twitter account. Search for Criminal & Traffic Records, Bankruptcies. Box 625, Larkspur, CA 94977-0625 was used in 2001, P.O. HOME; SEARCH; MY TREE Start . 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 in Novato, CA Charlene Albanese may also have lived outside of Novato, such as Larkspur and San Rafael. 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. We're 100% free for everything!' FamilyTree Now.com FamilyTree Now. 3. Real estate agents in California can only work on behalf of a licensed real estate broker or real estate company. When investors raised concerns about their investments at the beginning of the coronavirus pandemic, Wallach assured them that the company was financially secure because it had large cash reserves, lines of credit and the ability to sell properties owned free and clear, according to the SEC filing. 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. Big shift in weather is headed to California. Licensed real estate professionals / entities are also commonly referred to as real estate agents or Realtors. Lastreto said he and other investors hes spoken to are glad that Wallach has been charged, but said the allegations still came as a shock. A woman answered the phone Monday and took a message for Wallach. It also names the former company president, Lewis Wallach. 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. However, he had past legal troubles. 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.. If convicted in criminal court, Wallach could face up to 20-year maximum prison sentences for each charge, a fine of $250,000 and to pay other restitution, according to the U.S. Attorneys Office. It is quite rare but still happens that a person can be found being listed under a completely different name. Note, Facebook may ask you to prove you're not a bot - just solve CAPTCHA. Your Privacy Choices (Opt Out of Sale/Targeted Ads). Charlene Albanese in Novato, CA - Spokeo Charlene Albanese lives in Novato, CA; previous city include Larkspur CA. A well known Republican donor and real estate mogul who attracted over 1,000 investors into what was allegedly a Ponzi scheme dating back decades died of a heart attack in May, leaving his ex-wife to sort out a major financial mess. 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. Charlene Albanese is a Manager, Property at PFI based in Novato, California. Lastreto said he mostly worked with Professional Financial Investors Inc. president Lewis Wallach, and rarely if ever interacted with Casey. He maintained complete control of the companies until his death, Hogan said. [11][15] Albanese became active director during the transition,[8] making $11,000 every two weeks and the North Bay Business Journal reported "some involved with the proceedings not knowing what she was doing for that salary, Hogan indicated". . All Filters. Address. Stay up to date! 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. [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". Make sure to check as many variants as possible. Casey's ex-wife Charlene Albanese had retained the law firm to handle the transition of Casey's companies to a new owner. Dear Abby: Am I overreacting to my European daughter-in-law's behavior? 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. This alleged Ponzi scheme came crashing down just four months ago after the death of PFIs founder in May 2020. He divorced his wife, Charlene Albanese, in 1996, but left her the companies. Casey was a friend of my late husband and I knew of Mr. Casey through his service on the Marin County Human Rights Commission, Frugoli said in an email. "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. Facebook gives people the. Its like, do I need this in the middle of the worst epidemic in 100 years? Schild said in an interview with The Chronicle. Casey became a certified public accountant in 1977 but lost his certification after being convicted of the charges. Wallach faces both civil and criminal charges for allegedly violating several U.S. securities laws. "[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. [8] The investigation revealed that 20% of PFI properties had no equity. View the profiles of people named Michael Albanese. Death of Marin Real Estate Investor Reveals Allegedly Vast Ponzi Scheme Over a period of at least three decades, Mr. Casey appears to have operated a fraudulent scheme in which investors loaned funds to the Companies, with a significant portion of those funds being used to service the debt owed to existing investors and to personally enrich Mr. Casey himself, Hogan said. California man accused of treating thousands of people without a medical license for years, DA says. Reached Wednesday at his Southern California home in Encino, Wallach declined to comment. Real estate licenses in US are issued by state government through agencies like real estate commission or board of professional licensing. Email. He did not return the call. 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. Feds investigating massive suspected Marin County Ponzi scheme What everybodys looking for is the best structure and circumstances under which to do that, Amini said Wednesday. 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. The court would determine how much of Wallachs ill-gotten gains would be repaid along with any other penalties, according to the SEC. And now their accounts have been frozen, and some are worried they may never see their life savings again in a situation with echoes of the Bernie Madoff scandal. What happened on first day of CHP drug dealing crackdown in S.F. Money taken from new investors was allegedly used to pay existing investors while losses mounted behind the scenes. Nine previous addresses found, including 210 Monte Vista Ave, Larkspur, CA 94939, USA. 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. [1], Casey was raised in Queens, New York, moving to Marin County in 1975. [6] 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. [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. 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. Dear Abby: I have a great life, so why have I fallen into this shameful behavior? 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. Casey started his companies in 1983, serving as the sole officer until 1998. 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. Real estate agents, real estate brokers and realty companies are required to be licensed for conducting real estate transactions in the United States. A spokesman for the SEC declined to comment about the investigation this week. In a statement to The Chronicle,. The caller said hed kidnapped my wife. "Words cannot express my deep shock concerning information that has. [3] For each offense, a 20-year prison sentence could be imposed;[23] a hearing is scheduled for December 28, 2020 and it remains to be determined as of October 2020 whether any ill-gotten gains will be repaid. Read More. He divorced his wife, Charlene Albanese, in 1996, but left her the companies. The third result is Charlene Larue Albanese age 80+ in Santa Rosa, CA. Use this link https://www.linkedin.com/search/results/people/?keywords=Charlene+Albaneseto search employment history, You can find school friends by browsing Classmates.com yearbooks https://www.classmates.com/siteui/search/results?q=Charlene+Albanese&searchType=all. Charlene Albanese - Address & Phone Number | Whitepages He said hed likely have to sell his Oakland condominium to pay off his debt. We will continue to combat fraud targeting our most vulnerable investors, and we encourage all investors to use the resources available on the commissions website to help identify risks and red flags.. View phone number, full address and more on 411.info. [3] Companies owned by him were investigated by the U.S. Securities and Exchange Commission (SEC), after attorneys said they had "engaged in serious misconduct over the nearly three decades prior to his death". 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. PFI. [12] Responding to charges that the company may be reimbursing employees for maximum contributions, Casey stated, "Nobody is getting reimbursed for anything."[12]. [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. 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 Charlene Rae Albanese, 75 - Novato, CA - Reputation & Contact Details .ad_mobile { display:none; } Abrupt closure of S.F.
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