WASHINGTON AP - Federal regulators on Monday accused Sunwest Management Inc., one of the nation's largest operators of assisted-living facilities, and its former chief executive of securities fraud in connection with real estate investments that turned sour.The Securities and Exchange Commission announced the charges against Sunwest, based in Salem, Ore.
March 03, 2009 at 12:00 AM
1 minute read
WASHINGTON AP – Federal regulators on Monday accused Sunwest Management Inc., one of the nation’s largest operators of assisted-living facilities, and its former chief executive of securities fraud in connection with real estate investments that turned sour.
The Securities and Exchange Commission announced the charges against Sunwest, based in Salem, Ore., and went into federal court to seek an emergency order freezing the company’s assets – a request denied by the judge.
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