Other, Real Estate

$63 Million for Investors in Real Estate Investment Fraud

Robert C. Morgan, a New York residential and commercial real estate developer, and two of his entities, Morgan Mezzanine Fund Manager LLC and Morgan Acquisitions LLC, engaged in a fraudulent real estate investment scheme.  As alleged, Morgan financed his real estate development projects through, among other ways, the sales of securities to more than 200 retail investors, many of whom invested through their retirement accounts.

Source: SEC.gov | Over $63 Million to Be Returned to Investors in Alleged Real Estate Investment Fraud