SEC Claims Real Estate “Clerk” Used Investor Money On Maserati

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According to the SEC in a California federal court, he calls himself a “trader” in real estate, his investment firm and the four companies he controls have misappropriated millions from investors, some of whom went to buy Aston Martin and Maserati.

Matthew J. Skinner, Empire West Equity Inc and the organizations raised more than $ 9 million for alleged real estate projects, but they embezzled “significant sums” and blamed non-payment of repayment for the coronavirus pandemic, according to data a complaint… The Securities and Exchange Commission has filed a lawsuit in the US District Court for the Central District of California.

Skinner, Empire West and others …

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