Action against Defendants, a real estate company and its founder, for alleged unregistered real estate offering fraud. According to the SEC, Defendants solicited investors through paid finders, mailing lists, seminars, and the company’s website, and told investors that Defendant company purchased mobile home parks, made capital improvements, and then sold them for a profit. The SEC also alleges that Defendants promised investors a specified rate of return and, in some cases, equity ownership. The SEC further alleges that investors received monthly interest payments paid using other investor funds. According to the SEC, Defendants also overstated the purchase price on properties to conceal fees Defendant company paid itself, misappropriated investor funds, misrepresented amounts invested in properties, and overstated Defendant company’s financial position.