Kenneth Mattson and LeFever Mattson

The Securities and Exchange Commission has filed fraud charges against Sonoma real estate developer Kenneth Mattson, alleging he orchestrated a Ponzi-like scheme that defrauded hundreds of investors out of more than $46 million. If you invested in a LeFever Mattson real estate partnership, particularly through Mattson or someone connected to him, you may be entitled to pursue financial recovery.

According to the SEC, Mattson spent more than a decade selling fake ownership interests in real estate partnerships that he did not actually own or control. He allegedly targeted members of his own church community, persuading many to invest their retirement savings, including through self-directed IRAs. In reality, investors were never made legal partners and had no formal ownership rights in the properties.

The complaint details how Mattson commingled investor funds with personal and business accounts, using new investor money to pay earlier investors in classic Ponzi fashion. To keep the scheme running, he allegedly distributed falsified tax documents to give the appearance of legitimate investment activity. He also used investor funds to finance personal expenses and transactions tied to his private entity, KS Mattson Partners LP.

Ponzi schemes often leave investors with devastating losses, especially when retirement funds are involved. While recovery directly from the perpetrator may be limited, third parties such as financial advisors, brokers, or custodians who facilitated or enabled these investments may share liability under securities law.

If you invested in a LeFever Mattson partnership or with Kenneth Mattson and suffered losses, contact ChapmanAlbin to explore your legal options. Our firm has extensive experience pursuing recovery for victims of fraudulent real estate offerings and Ponzi schemes.

Call 1-877-410-8172 or visit chapmanalbin.com to schedule a free consultation.