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 more than $120 million, 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

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Securities Fraud

Subscribe to Closing Arguments

Additional Reads