Securities Fraud

The SEC claims in federal court that Gina Champion-Cain, 57, of San Diego raised $300 million for her ANI Development LLC, transferred bucket loads of it to corporate parent and relief defendant American National Investments, and that ANI Development owes investors <a href="http://www.courthousenews.com/wp-content/uploads/2019/08/SEC-v-ANI.pdf"><strong>more than $120 million</strong></a>, but has just $11 million in its escrow account.

SAN DIEGO — The SEC claims in a federal complaint that Gina Champion-Cain, 57, of San Diego, raised $300 million for her ANI Development LLC, transferred bucket loads of it to corporate parent and relief defendant American National Investments, and that ANI Development owes investors more than $120 million, but has just $11 million in its escrow account.

Categories / Business, Securities

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