CaseyGerry is investigating allegations of real estate fraud on behalf of investors who may have been deceived by LeFever Mattson, a real estate company owned by Timothy LeFever and Kenneth Mattson.
The company is facing litigation for fraud and financial wrongdoing, as many investors are left without their life savings.
LeFever Mattson is one of the biggest and most active real estate investors and developers in Sonoma County, with over 100 properties, including residential and commercial properties.
FRAUD ALLEGATIONS
Investors may have been defrauded out of their life savings by California Real Estate Investment and Development Company, LeFever Mattson, and associated companies. Concerning reports arose when investors requested to withdraw their investments, at which time the company did not provide a timely status of their investments. In addition, one of the partners, Timothy LeFever, informed investors that they had been defrauded by Kenneth Mattson, who had allegedly moved investors’ money to his private accounts.
DETAILS
This California real estate property development company is facing allegations of financial fraud and embezzlement that may have affected several hundred investors.
Several lawsuits have already been filed against the company for fraud, including a lawsuit for $2 million. Another lawsuit filed against the company claimed the plaintiff and her deceased spouse were defrauded of $600,000 or more.
- The company owns numerous residential, commercial, and business properties in Sonoma and throughout the State of California.
- LeFever Mattson Property Management Company manages over 1,000 residential units and over 60,000 square feet of commercial space across Northern and Central California.
- The amount investors lost may total in the hundreds of millions of dollars.
- Investors have reported receiving statements and records of their account but did not receive their investment back when requested.
- In 2023, the company’s buying practices caused concern as LeFever Mattson bought over 100 properties in Sonoma County.
- In March of 2024, the company faced litigation for delinquent mortgage payments and property taxes.
- In April 2024, the county of Sonoma filed a lawsuit against the company for breach of covenants, conditions, and restrictions because the company failed to complete the work on the properties purchased.
- In June of 2024, an investor filed a lawsuit against the company, affiliates, and owners, Kenneth Mattson and Timothy LeFever, for breach of contract and of fiduciary duty, fraud and securities fraud, and fraud by an investment advisor.
- Kenneth Mattson was accused by his business partner, Timothy LeFever, of placing investor capital into his private accounts instead of the company’s limited partnership.
DO YOU HAVE LEGAL RECOURSE?
Investors are exposed to unscrupulous business practices every day. We at CaseyGerry are here to represent those whose life-long savings and hard work have been jeopardized.
We are one of the longest-standing plaintiff law firms in San Diego, California, with a dedicated team of certified and experienced in-house investigators. We have a track record of successfully holding businesses accountable for their wrongdoing.
If you invested in real estate opportunities with LeFever Mattson or affiliated companies and believe you may have been defrauded, please contact our attorneys to discuss your next steps.
Related Material
CaseyGerry Joins Major Class Action Lawsuit Against Real Estate Developers for Fraud
