Manuel A. Romero

Date:

May 26, 2022

Type of alert:

SEC Final Judgement  

The SEC obtained a final judgment against Manuel A. Romero, former Chief Financial Officer of a Marin County, California real estate investment and management company in regards to a Ponzi scheme (operated by Professional Financial Investors, Inc.) where he allegedly falsified financial statements provided to investors and made fraudulent cash transfers. PFI and related entities raised hundreds of millions of dollars. Without admitting or denying the charges, Romero consented to the court’s order that bars him from serving as officer or director of a public company, disgorgement of $91,819 with prejudgment interest of $6,655, and a civil penalty of $50,000.

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