TREE NEWS update: The SEC charged Mark D. Hanf, former CEO of Pacific Private Money Group LLC, and Hoai-Nam Chu Phan, former COO of a subsidiary, with orchestrating a multimillion-dollar offering fraud. The scheme, based in the San Francisco Bay Area, allegedly operated like a Ponzi, defrauding investors. The charges were announced today.
SEC charges two Pacific Private Money Group execs in Ponzi-like scheme
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