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$106M Investor Scheme Just Took A Major Turn In Novato: US Attorney's Office

Summary by Patch
The company's founder and COO admitted to misleading investors, federal prosecutors said.

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$106M Investor Scheme Just Took A Major Turn In Novato: US Attorney's Office

The company's founder and COO admitted to misleading investors, federal prosecutors said.

·New York, United States
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Local News MattersLocal News Matters

Novato investment company founder pleads guilty to fraud, money laundering

The founder and CEO of a Novato-based investment company pleaded guilty Wednesday to federal charges of wire fraud conspiracy and money laundering in a case involving more than $100 million raised from investors. Mark Hanf, 66, of Tiburon, admitted that he and Pacific Private Money COO Nam Phan, 58, of Novato, defrauded investors by making […]

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Patch broke the news in New York, United States on Thursday, October 1, 2026.
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