Founder of The Patio Group charged with fraud by SEC
Published - 09/03/19 - 11:00 AM | 16913 views | 5 5 comments | 39 39 recommendations | email to a friend | print
Gina Champion-Cain
Gina Champion-Cain
slideshow
The Securities and Exchange Commission on Aug. 29 announced it has filed charges and obtained a consented-to asset freeze against San Diego-based ANI Development LLC, its principal, Gina Champion-Cain, and a relief defendant, for operating a multi-year $300 million scheme that defrauded approximately 50 retail investors.  

According to the SEC’s complaint, beginning in 2012, defendants fraudulently raised hundreds of millions of dollars from investors by claiming to offer investors an opportunity to make short-term, high-interest loans to parties seeking to acquire California alcohol licenses. In truth, the SEC alleges, the investment opportunity was a sham. Contrary to defendants’ representations, the SEC asserts, defendants did not use investor funds to make loans to alcohol license applicants. Instead, Cain directed significant amounts of investor funds to a relief defendant that she controlled.  

“The SEC took emergency action to stop what we allege is an egregious fraud,” said Los Angeles Regional Director Michele Wein Layne. “Importantly, the agreement we reached with the defendants to freeze their assets during the litigation will give investors the best chance to maximize their recovery going forward.”

The SEC’s complaint, filed in federal district court in San Diego on Aug. 28 charges defendants with violating the antifraud provisions of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Section 17(a) of the Securities Act of 1933. Without admitting any violations of federal law, defendants have agreed to preliminary injunctions against violations of these provisions of the federal securities laws, asset freezes, and the appointment of a receiver over ANI and the relief defendant to marshal and preserve assets. The stipulated order is subject to court approval. The complaint seeks disgorgement of allegedly ill-gotten gains and prejudgment interest, monetary penalties, and permanent injunctions.  

“American National Investments, Inc. has been notified of a civil suit brought against the company and anticipate a receiver will be appointed,” according a statement released by the company. “While we can’t discuss details of the ongoing litigation matter, we will continue to cooperate with authorities throughout this process. We do so with full commitment to doing right by our loyal customers and lenders.”

The SEC’s ongoing investigation is being conducted by Alec Johnson and Louis Boyarsky of the SEC’s Los Angeles Regional Office and supervised by Marc J. Blau. The SEC’s litigation will be led by Kathryn Wanner.  

Champion-Cain is also the founder of The Patio Group, which operates the restaurants The Patio on Lamont (Pacific Beach), The Patio on Goldfinch (Mission Hills), and Fireside By The Patio (Liberty Station).
Comments
(5)
Comments-icon Post a Comment
Elizabeth Matheus
|
September 11, 2019
HELLO EVERYONE.. FEW MUNINETS TO REDY THIS INFOR ON HERPES CURE 2018..

2017 MY MOTHER WAS DIAGNOSED OF HERPES/ KNOWN AS GENITAL WARTS ,I SPENT A LOT OF MONEY ON HER MEDICATION TILL A POINT I EVEN LOST HOPE,BECAUSE MY MOTHER WAS GRADUALLY DYING AND LOST HER MEMORY TOO, I WAS SO DESPERATE TO GET MY MOTHER BACK TO NORMAL, ONE DAY MY UNCLE WHO LIVES IN LONDON UNITED KINGDOM TOLD ME ABOUT DR OLIHA ,WHO HELPED HIM GET RID OF HERPES /GENITAL WART WITH HERBAL MEDICINE AND HIS HERBAL SOAP ,I WAS SO SHOCKED WHEN HE TOLD ME ABOUT THIS ,ALTHOUGH I NEVER BELIEVE IN HERB BUT, I KEEP TO BELIEVE BECAUSE MY UNCLE CAN'T TELL ME LIES WHEN IT COMES TO HEALTH CONDITION I CONTACTED DR OLIHA VIA HIS EMAIL; OLIHA.MIRACLEMEDICINE@GMAIL.COM , YOU CAN TALK TO HIM VIA CALL OR WHATSAPP MESSENGER ON 2349038382931 , HE REPLIED AND ASK ME TO SEND MY HOME ADDRESS AND MY MOTHER'S DETAIL AND THEN I PURCHASED THE HERBAL MEDICINE,SENT ME THE HERBAL MEDICINE THROUGH COURIER SERVICE, WHEN I RECEIVED THIS HERBAL MEDICINE USED IT FOR 2 WEEKS, AND 4 DAYS OF USAGE THE WARTS FELL OFF, MY MOTHER I NOW TOTALLY CURED AND MY MOTHER IS LIVING FREE AND HAPPY AGAIN. YOU CAN TALK TO DR VIA HIS MOBILE NUMBER OR WHATS APP HIM ON 2349038382931.ALL THANKS TO DOCTOR DR OLIHA  
Sarah boogie
|
September 11, 2019
I  suffered from CHRONIC BV (BACTERIA VAGINOSIS) for  years, i was hopeless until a friend directed me to a herbalist dr called Dr uwenbo, she said the dr has cure that cures BV,  she also said the dr has helped some of her friends with HERPES, VAGINAL ITCHING, PENILE INFECTIONS, BALANITIS, STD/STI, BAD BREATH, HPV, GERNITAL HERPES, GERNITAL WARTS, GONORHEA, CHLAMYDIA, UTERINE FIBROID, INFERTILITY, SYPHILLIS, YEAST INFECTION, LOW SPERM COUNT e.t.c i never believed her but after a lot of talk i decided to contact him. just few weeks ago i contacted him and told him my problems, he told me what to do which i did and he sent to me a herbal medicine with prescription on how i will take it for a short period of 21 days. After i finished taking the medicine, he told me to go for a check up which i did and when the result came out i was surprised to see that am cured..I am proud to tell you that i am free from this horrible disease, am the most happiest person on earth.Big thanks to Dr Uwenbo cure. i pray you find solution in him just i did. For more information on how to get cured contact him on his active email: dr.uwenboherbalhome@gmail.com, OR  call/whatsapp 2349052309005  and get your help..
Elizabeth Nathaniel
|
September 10, 2019
There is A cure for Herpes virus

I was tested Herpes positive in 2018 which I have been searching for cure from different doctor until I came across a testimony of Gabby Gabriel on a blogger who said she was cured from 2 years Genital Herpes with Herbal medicine and she included the doctors email which name is doctor Ahmed Usman, I contacted him and he replied and after much discussion he sent his Herbal medicine to me which I took for 21 days with his prescription. I discovered that I no longer have frequent fever and headaches and the sores on my genital parts were healed, after concluding the Herbal medication I went for test and my PCR DNA result was Negative, there was no trace of the virus on my blood thanks to doctor Ahmed for his cure. Contact him on drahmedusman5104@gmail.com, I recommend him for Herpes or any diseases. He has Herbal cure for the following diseases; Heart Diseases, Cancer, Fibroid, HIV, Autism and Typhoid
menna
|
September 07, 2019
HOW I GOT CURED FROM HERPES VIRUS. I was diagnosed of herpes virus in 2016, I have tried all possible means to get cure but all my effort proved abortive, until a friend of mine introduced me to a herbal doctor called Dr. Ehigie who prepare he HOW I GOT CURED FROM HERPES VIRUS. I was diagnosed of herpes virus in 2016, I have tried all possible means to get cure but all my effort proved abortive, until a friend of mine introduced me to a herbal doctor called Dr. Ehigie who prepare herbal medicine to cure all kind of diseases including herpes virus (Herpes), when i contacted this herbal doctor via his email (ehigieherbalcure@gmail.com) he sent me the herbal medicine via ups service, when i received the herbal medicine he gave me instructions on how to apply it, when i applied it as instructed i was totally cured from the virus within 2 weeks of usage. Contact this great herbal doctor on his email: EHIGIEHERBALCURE@GMAIL.COM. Contact him today to get your cure he has the cure for other diseases like HIV, HSV1&2,CANCER, STD, DIABETES, HPV ETC

Eddiepp
|
September 03, 2019
I have a wonderful testimony to share to the whole world on how Papa Egbe used his herbal product on me, I have been affected with HSV for 6 years and I might papa Egbe through a testimony shared by someone online and told my self let me give him a try and visiting many hospitals and herb home for cure and so lucky for me he did a wonderful job on me and the virus I have had for 6 years was completely cured, thank to Papa Egbe for making me healthy again. What are your infection is it

Hepatitis ABC.

HIV and Aids.

HSV 1&2.

Cancer of any kinds.

Diabetes.

Genital wart.

Unable to get pregnant.

Miscarriage.

Weak erection.

Kidney.

Heart disease.

Any infection.

Ex lover back.

Court Case.

Relationships problem.

Lottery spell.

Contact him now for a cure via email on papaegbespiritualtemple @ gmail . com, with your infection listed and not listed, for Natural Remedies.
Comments are back! Simply post the comment (it'll complain about you failing the human test) then simply click on the captcha and then click "Post Comment" again. Comments are also welcome on our Facebook page.
Trending