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SEC sues over Marin Ponzi scheme, seeking $10 million

Jump to navigation By  06/09/2021 Details of the largest financial crime in Marin’s history were revealed in a lawsuit filed last week by the Securities and Exchange Commission against the estate of Ken Casey, who operated a Ponzi-like scheme and stole more than $10 million until his death in May 2020. Mr. Casey’s two Novato-based companies, Professional Financial Investors and Professional Investors Security Fund, brought in hundreds of millions of dollars from more than 1,300 victims. Investors believed they were financing a part of 70 residential and commercial properties in the area; in reality, their money was being used to pay prior investors and line the pockets of Mr. Casey and his co-conspirator, Lewis Wallach. “Many of the investors were elderly, retired and relying on their investment income for daily living expenses,” attorney Bernard Smyth wrote. Several West Marin residents were snared in the scheme, and some were given a commission to bring in more

Tracks of the Week: new music from Lee Aaron, The Sheepdogs and more

Another week has passed in Rock'N'Roll Wonderland, and we've got eight new contestants lined up to do battle in our Tracks of the Week showdown.But first, congratulations to Canadian rockers The Damn Truth, whose This Is Who We Are Right Now brushed the opposition aside to triumph over fellow Canucks The Glorious Sons, whose Daylight clambered into second place, and The Dead Deads feat. Corey Taylor, whose Murder Ballad II romped home in third.So here's The Damn Truth again, and then: let battle commence!

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