[5] He died on May 6, 2020 at the age of 73 of a heart attack. Foreign surnames can be transliterated and even translated (e.g. Charlene Albanese lives on Ignacio Blvd in Novato, California. The purported holdings also included nearly 1,000 apartments across 30 properties in Marin and southern Sonoma counties. The seven investors filed petitions seeking involuntary bankruptcy proceedings on July 16. Wallach allegedly used the money to buy a vacation home, luxury cars, coin collections and pay for private school tuition. 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. 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. Federal officials say Wallach and Casey misled investors by telling them their investments would be used to purchase multi-unit residential and commercial real estate to be managed by PFI. Get Morning Report and other email newsletters. Jill vs. Jillian), sometimes they use their names international variations (Patrick/Padrig). [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". 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. In the past, Charlene has also been known as Charlene R Casey, Charlene R Albenese, Charlene R Albanese, Charle Albanese and Charlene Albauese. 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. Facebook gives people the. [8] In December 2021, 60 out of the more than 70 properties owned by PFI and PISF were sold for $436.5 million. Does 350 Ignacio Blvd have any other residents besides Charlene Albanese? Stay up to date! 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. The population of the US is 329,484,123 people (estimated 2020). 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. Casey, who died after a heart attack in May, founded the companies. [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". [12] Casey, Albanese, Wallach and other PFI or PISF employees had earlier donated to similar political candidates. 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.. View the profiles of people named Michael Albanese. 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. The caller said hed kidnapped my wife. Charlene Albanese can be found on facebook https://www.facebook.com/search/top/?q=Charlene+Albanese&epa=SEARCH_BOX. Its all dependent on getting fresh suckers, Schild said. California man accused of treating thousands of people without a medical license for years, DA says. Charlene is related to Alice C Albanese and John J Albanese. [17] More than a thousand individuals had their investments "co-mingled with potential ill-gotten gains", according to Hogan. [2] He was a benefactor for Burt's Children Center in San Francisco. The petition for involuntary bankruptcy was filed in the U.S. District Court of Northern California. HOME; SEARCH; MY TREE Start . 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. 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. Charlene Albanese in Novato, CA Charlene Albanese may also have lived outside of Novato, such as Larkspur and San Rafael. [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. Mr. Casey never attempted to curry favor from me or my office.. He has already pleaded guilty to civil charges filed by the SEC, according to court documents. Which cities has Charlene Albanese visited? Click to reveal [18][19], As of October 2020, the SEC investigation continues, and the possibility of other individuals being charged remains. [1], Casey obtained a business license in 1983[7] and founded Professional Investors Security Fund Inc. (PISF Inc.) based in Ignacio, California. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. [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". We allege that PFI became a classic Ponzi scheme, U.S. Attorney David Anderson said in announcing the charges Tuesday. 00943394) is an employee of Inc Professional Financial Investors, a Real Estate Corporation (license number 01151855). 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. 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. 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. What are the other possible names for Charlene Albanese? 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. 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. Big shift in weather is headed to California. [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. 11/20/2022 12:12 PM. This alleged Ponzi scheme came crashing down just four months ago after the death of PFIs founder in May 2020. 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. (adsbygoogle = window.adsbygoogle || []).push({}); [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'. In a statement to The Chronicle, Albanese said she hired lawyer Eric Sternberger two days after Caseys death to review the corporate finances. 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. Wallach was always very reassuring, Lastreto said, and all of the interest payments were paid on time. We always thought Lewis was a really good guy, Lastreto said. * Other possible variations for this name:Sharlene, Charlen, Char, Charline, Carlene, Charlenea. 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.. As the Chronicle reports, Casey left his businesses, Professional Financial Investors Inc. and Professional Investors Security Fund Inc., to his ex-wife, and it was her legal and financial investigations that uncovered what federal authorities say was a "Ponzi-like" scheme in which new investors' money was used to pay dividends to longtime investors, and much of his property was leveraged to the hilt. Your IP: 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. Wallach and two other corporate officers resigned in June at the request of Hogan and Sternberger. Court records indicate that at least two other investors have filed joinders since then. A spokesman for the SEC declined to comment about the investigation this week. He divorced his wife, Charlene Albanese, in 1996, but left her the companies. Abrupt closure of S.F. 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.. The SEC initiated its investigation on May 28, he said. [5] He died on May 6, 2020 at the age of 73 of a heart attack. He did not return the call. 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. I think most people are surprised at the extent of what Lewis did and were just waiting to see what happens, Lastreto said. Charlene Albanese is a Manager, Property at PFI based in Novato, California. 350 Ignacio Boul, Novato, CA 94949-7202 is the residential address for Charlene. Frugoli borrowed $25,000 from Ken Casey, a Marin County entrepreneur, whose investment firms are now being investigated for potential fraud. This website is using a security service to protect itself from online attacks. 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. The Marin Independent Journal first reported on the federal investigation into Casey's companies in July, as they filed for bankruptcy. Albanese has left the board. 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. 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. The law firm found several financial irregularities that raised red flags, prompting them to voluntarily approach the SEC. 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. 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. Separately, another investor has filed a class-action lawsuit in Marin County Superior Court. Charlene Rae Albanese (License No. He will continue to work with government to remedy the harm he has caused investors.. You can email the site owner to let them know you were blocked. 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. 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. He also donated to Travis Allens and John Coxs unsuccessful runs for governor. Charlene Albanese lives in Novato, CA; previous city include Larkspur CA. The same person can appear under different names in public records. Address. They had 35+ years great record. Charlene has seen four cities, including Belvedere Tiburon, CA and Novato, 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. needs these 5 sites to thrive so the city can recover. The investors attorney, Debra Grassgreen, declined to comment. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Resides in Novato, CA. View Public Record Results ✓ Addresses. "[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. Shortly after his death at age 73, a law firm and accountant tasked with transferring his companies Professional Financial Investors Inc. and Professional Investors Security Fund Inc. to his ex-wife uncovered the allegations of fraud. Facebook gives people the. View the profiles of people named Charlene Albanese. Casey died in May 2020 from a heart attack. [7] 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. A copy of the SEC complaint can be found at bit.ly/3ip3B7a. 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. The SEC investigation is ongoing, according to an SEC spokesperson. I am heartbroken and sick to my stomach that so many investors, myself included, have been devastated by Kens actions. Sometimes names in public records are misspelled due to silly typos and OCR errors. Cloudflare Ray ID: 7c0cf24e7ca90bda 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. The investigation does not mean the SEC has concluded that violations of the law have occurred, according to Sternberger. What is Charlene Albanese's contact number? The U.S. Attorneys Office and Federal Bureau of Investigation led a separate criminal investigation. [3] The SEC alleges that Wallach knew the company was not financially secure at the time he told investors it was. 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 Seven investors in a troubled Novato fund are suing in federal court in an effort to salvage their money. 15 Woodside Ct, Novato, CA 94947, lived here in 2018 $3,200: C. 350 Ignacio Blvd #105, Novato, CA 94949, lived here in 2018 All mentioned corporate names and trademarks are the property of their respective owners. 81.4.126.112 However, Casey had a criminal history of fraud and tax evasion. The petition gives the company 21 days to consent to or contest the bankruptcy filing. 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. Real estate agents in California can only work on behalf of a licensed real estate broker or real estate company. The SEC has a five-year statute of limitations to file the charges, according to an SEC spokesperson. Box 625, Larkspur, CA 94977-0625 was used in 2001, P.O. Wallach could not be reached for comment. Ver. Charlene lives in the 94949. 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.. @media(max-width: 499px) { .ad_mobile { display:inline-block; min-width: 300px; width:100%; min-height: 100px; } } He divorced his wife, Charlene Albanese, in 1996, but left her the companies. 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. 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. He covered environment, cannabis and county government for the Eureka Times-Standard and was a contributor to the Monterey Herald. Refine Your Search Results. 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. [22], Wallach's attorney, Ed Swanson, responded that Wallach was cooperating with the investigation, and would plead guilty to the criminal charges, having already pled guilty to civil charges. He was sentenced to 18 months in prison, according to court records. [1], Casey became a certified public accountant (CPA) in 1977. Frugoli has said she repaid the loan in full prior to the beginning of any investigtion into the operation of Caseys companies. 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. In a statement to The Chronicle,. We cannot guarantee the accuracy, correctness and/or timeliness of the data. 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. 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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We allege that for years Wallach conspired with PFIs founder to fool investors.. What is the present address for Charlene Albanese? Licensed real estate professionals / entities are also commonly referred to as real estate agents or Realtors. Get info on Charlene Rae Albanese - Novato, California - (415) 927-2290. 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. 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. Reached Wednesday at his Southern California home in Encino, Wallach declined to comment. Your Privacy Choices (Opt Out of Sale/Targeted Ads). 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. [16] CFO Manuel Romero resigned from the board, "as did real estate investor Lewis Wallach as president". Wallach faces both civil and criminal charges for allegedly violating several U.S. securities laws. He refused to let it end in Game 7, Do Not Sell/Share My Personal Information. Its like, do I need this in the middle of the worst epidemic in 100 years? Schild said in an interview with The Chronicle. Twitter account. [1], Casey was raised in Queens, New York, moving to Marin County in 1975. 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). 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. 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. 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. 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. 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. 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. Make sure to check Marin county records. The complaint alleges the companies knowingly misled investors and violated the California Securities Act by failing to register the investments as securities. Company. Property records show Wallach owning an Encino (Los Angeles County) home with his wife purchased more than a decade ago for $3.5 million. While Sternberger said the news is devastating for investors, he said more information will need to wait. [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". Mr. This surname is found in public records in various versions, some of which are Albanes, Albenese, Albanse, Aldanese, Alvanese, Albanses, Abanese, Alabanese, Alanese, Albonese, Albanase, Albanesejr, Lbanese, Richar, Anese, Albanesa, Albamese, Albanise, Albanesse, Albaneses, Banese, Albnese, Albansese, Albanese albanese, Counties publish data that may contain information about people. Real estate agents, real estate brokers and realty companies are required to be licensed for conducting real estate transactions in the United States. 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. 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. Wallach, 64, has served as PFIs president and CEO since 1998. He maintained complete control of the companies until his death, Hogan said. [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. Where did Charlene Albanese formerly reside? 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. The employer for Charlene Rae Albanese is Inc Professional Financial Investors (Real Estate Corporation). It also names the former company president, Lewis Wallach. The lawsuit names Charlene Albanese Casey's ex-wife and a former Professional Financial Investors board member as a defendant solely for her role as personal representative for Casey's. Like many others, I was shocked to learn of the allegations which have surfaced. 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. She was born on Oct 15, 1947. [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. 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. Susan Aiken, who is not a party to the federal case,alleges the companies committed securities fraud. View phone number, full address and more on 411.info. 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. Real estate licenses in US are issued by state government through agencies like real estate commission or board of professional licensing. There are at least 7 records for Charlene Albanese in our database alone. [3], In July 2020, PFI Inc. and PISF Inc. filed for Chapter 11 bankruptcy. In a June 7 letter to investors, Sternberger said he could not provide an answer on how the investigation might impact their investments. 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.