April 25, 2024
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Receiver sought in Essex Capital lawsuit

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Ralph Iannelli A report by a court-appointed monitor for Santa Barbara investment firm Essex Capital supported allegations by the Securities and Exchange Commission that the firm had engaged in “Ponzi-like” activities with its investors. In a Dec. 6 filing with the U.S. District Court, monitor Geoff Winkler called the equipment leasing company’s financial state “dire…

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