After weeks of frustration among the victims of the Ponzi-like scheme allegedly perpetrated by Sonoma County real estate investor Ken Mattson that he was still living in the lap of luxury, Mattson and his wife are being evicted from their Sonoma estate.
Ken Mattson and his wife Stacy, who have been fighting an eviction proceeding that stemmed from their bankruptcy filing, are going to be evicted from their $6 million Sonoma hills preoperty on June 15. As the Press Democrat was first to report, the Sonoma home will be sold, and its proceeds will become part of a restitution fund that will be used to pay back investors who lost money with Mattson.
Mattson was arrested one year ago, outside of a Napa gym, after months of rumbling around Sonoma County about the neglect of the local businesses Mattson had ammassed, the sale of property at fire-sale prices, and a growing number of angry investors seeking to get their money back. Those investors, as the Chronicle reports, were mostly “middle-income retirees” who thought they were buying shares in Mattson’s ever-growing real estate portfolio, once said to be worth $413 million…