"LeFever is a co-founder of the dismantled company, along with longtime friend Ken Mattson, now accused by federal prosecutors of operating a Ponzi scheme that bilked potentially hundreds of clients out of tens of millions of dollars over at least 15 years. RELATED: Indicted Bay Area real estate mogul is living in a $6 million house. His creditors want him evicted. More stunning was an application filed Wednesday by the unsecured creditors committee representing the interests of the more than 600 people who invested in LeFever Mattson's real estate acquisitions."
"Bankruptcy Judge Charles Novack granted the application the same day. Kathleen Hamlin is 83 and lives in Dixon, a couple miles from her daughter, Amy LeFever, and Amy's husband, Tim. The committee's subpoena application claims LeFever Mattson transferred more than $2.4 million to Hamlin, including more than $1.6 million in the year leading up to the bankruptcy filing. The panel now identifies her as a litigation target. Coincidentally or not, the committee and lawyers representing LeFever Mattson entered into mediation with Tim LeFever this past week."
Tim LeFever co-founded LeFever Mattson with Ken Mattson, who faces federal charges accusing him of running a Ponzi scheme that allegedly took tens of millions from potentially hundreds of clients over at least 15 years. More than 600 investors are represented by an unsecured creditors committee in the bankruptcy. The committee alleges LeFever Mattson transferred over $2.4 million to Kathleen Hamlin, including more than $1.6 million in the year before the bankruptcy, and seeks documents from Hamlin, her advisers and family. Bankruptcy Judge Charles Novack granted the subpoena and parties entered mediation.
Read at The Mercury News
Unable to calculate read time
Collection
[
|
...
]