As the hundreds of people who powered Ken Mattson’s real estate acquisitions struggle with lost monthly income and the possible erasure of their retirement funds, the indicted investment adviser and his wife continue to live in a 6,000-square-foot home behind a locked gate on Castle Road, overlooking the city of Sonoma.
The contrast is a source of deep resentment among the investors, many of whom met Mattson in church circles and welcomed him into their homes to hear his financial pitches.
They may get vindication. Ken and Stacy Mattson’s bankrupt former company, KS Mattson Partners, which is now administered by Robbin Itkin, a court-appointed neutral party, has moved “to pursue all remedies available under applicable law” to gain possession of the Castle Road estate — including eviction.
Itkin has asked the judge overseeing the bankruptcy case, Charles Novack of the U.S. Bankruptcy Court of the Northern District of California, to begin that process by waiving the automatic stay that currently locks most of the company’s finances in place…