They had 35+ years great record. 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. Charlene Albanese is 75 years old and was born on 10/15/1947. HOME; SEARCH; MY TREE Start . The court would determine how much of Wallachs ill-gotten gains would be repaid along with any other penalties, according to the SEC. The petition gives the company 21 days to consent to or contest the bankruptcy filing. 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. [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. 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. He divorced his wife, Charlene Albanese, in 1996, but left her the companies. Frugoli borrowed $25,000 from Ken Casey, a Marin County entrepreneur, whose investment firms are now being investigated for potential fraud. The U.S. Attorneys Office and Federal Bureau of Investigation led a separate criminal investigation. [3], In July 2020, PFI Inc. and PISF Inc. filed for Chapter 11 bankruptcy. In a statement to The Chronicle,. Casey, who died after a heart attack in May, founded the companies. 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. [3], Casey was one of Marin County's longest-serving members of the Human Rights Commission, serving from 2015 until his death. Select this result to view Charlene T Albanese's phone number, address, and more. Sometimes names in public records are misspelled due to silly typos and OCR errors. For example, Hinderliter could be listed as Henderliter. Charlene has seen four cities, including Belvedere Tiburon, CA and Novato, CA. Current address 350 Ignacio Blvd #300, Novato, CA 94949 $3,440: B. The second best result is Charlene T Albanese age 50s in Tonawanda, NY. Casey's ex-wife Charlene Albanese had retained the law firm to handle the transition of Casey's companies to a new owner. The current status of license is Licensed (Active) and it is valid till 06 December, 2022. 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.. Resides in Novato, CA. The action you just performed triggered the security solution. The Los Angeles Times and others reported Wallach and his wife had purchased a Malibu beach house formerly owned by actress Judy Garland for more than $3.5 million in 2018. Others associated with the Companies also appear to have been involved and benefitted from the scheme, and this investigation is ongoing.. A. This website is using a security service to protect itself from online attacks. The third result is Charlene Larue Albanese age 80+ in Santa Rosa, CA. Albanese has left the board. While Sternberger said the news is devastating for investors, he said more information will need to wait. 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. Charlene Rae Albanese, 75 - Novato, CA - Reputation & Contact Details Death of Marin Real Estate Investor Reveals Allegedly Vast Ponzi Scheme Cloudflare Ray ID: 7c0cf24e7ca90bda wine startup leaves customers with thousands of Steph Curry adds to his Warriors legend by lighting up Kings for 50. View the profiles of people named Michael Albanese. 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Charlene Albanese is 75. 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. 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. They also indicate Wallach owned a beachfront Malibu property that is now renting for $30,000 a month. In a June 7 letter to investors, Sternberger said he could not provide an answer on how the investigation might impact their investments. "Words cannot express my deep shock concerning information that has. 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. 11/20/2022 12:12 PM. Professional Financial Investors Inc.s website is no longer operational, though the company continues to operate, according to Sternbergers letters. Get Morning Report and other email newsletters. It is possible (but not certain) that each of the four categories of investments noted above will be affected, Sternberger wrote, but affected to varying degrees depending on the type of investment and several other factors that we are analyzing.. Performance & security by Cloudflare. A law firm managing the post-death transition reported financial irregularities to the SEC. He said hed likely have to sell his Oakland condominium to pay off his debt. Charlene Albanese lives on Ignacio Blvd in Novato, California. [2] He was a benefactor for Burt's Children Center in San Francisco. [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. He will continue to work with government to remedy the harm he has caused investors.. He refused to let it end in Game 7, Do Not Sell/Share My Personal Information. You can email the site owner to let them know you were blocked. 81.4.126.112 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. 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. [5] He died on May 6, 2020 at the age of 73 of a heart attack. Susan Aiken, who is not a party to the federal case,alleges the companies committed securities fraud. He did not return the call. 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. Does 350 Ignacio Blvd have any other residents besides Charlene Albanese? 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. 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. . Jill vs. Jillian), sometimes they use their names international variations (Patrick/Padrig). 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. needs these 5 sites to thrive so the city can recover. 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. [1], Casey was raised in Queens, New York, moving to Marin County in 1975. A copy of the SEC complaint can be found at bit.ly/3ip3B7a. She asked me for a loan and I said sure, Casey told the Independent Journal at the time. Last Update. View phone number, full address and more on 411.info. He said the investigation may take three months or more and that it would suspend all principal and interest payments on the companys collateralized notes as well as new debt financing and investments. He was sentenced to 18 months in prison and three years of probation, according to court and state records. This S.F. Last month, the law firm reached an agreement with Wallach to return $1 million from an LLC that he controlled, and is waiting for him to return two properties with several million dollars in equity, Hogan said. Frugoli has said she repaid the loan in full prior to the beginning of any investigtion into the operation of Caseys companies. 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.

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