A self-described real estate “dealmaker,” his investment firm, and four entities he controls misappropriated millions from investors, some of which went to purchase an Aston Martin and a Maserati, the SEC alleges in federal court in California.
Matthew J. Skinner, Empire West Equity Inc, and the entities raised more than $9 million for purported real estate projects, but they misappropriated “substantial amounts” and blamed repayment failures on the coronavirus pandemic, according to the complaint. The Securities and Exchange Commission filed the case in the U.S. District Court for the Central District of California.
Skinner, Empire West, and the other ...
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