A California real-estate CEO concealed his firm’s financial troubles while collecting investments that left more than 20 people $2.2 million poorer; a federal judge has sentenced him to 18 months in prison
Representative Image (AI-generated) A real-estate business can face financial difficulties, but concealing those problems from investors can turn a struggling company into a fraud case. A California property developer who continued seeking investments while his company was heavily in debt and facing serious cash-flow problems has now been sentenced to federal prison. More than 20…