A California real estate mogul has been arrested and is facing multiple federal charges for allegedly running a 15-year Ponzi scheme that defrauded hundreds of investors out of nearly $30 million.
According to the U.S. Attorney’s Office for the Northern District of California, 63-year-old Kenneth W. Mason of Sonoma was arrested Thursday. A federal grand jury charged Mattson with seven counts of wire fraud, one count of money laundering and one count of obstruction of justice.
Mattson was the president of LeFever Mattson based in Citrus Heights, in Sacramento County. The company controlled several limited partnerships that owned and managed commercial and residential properties…