Stories 3 results of 24
Nilsen posts property to remain free
David Nilsen, the Monterey broker accused of running a massive Ponzi scheme, posted a $1 million property bond today in San Jose federal court. With his wife signing Angela Nilsen as surety, Cedar Funding's Nilsen ...
Monterey's Madoff
David Nilsen indicted for real estate fraud
A federal grand jury has indicted Cedar Funding president David Nilsen and loan servicing manager Manoel Errico with conspiracy to commit mail, wire and securities fraud, the United State Attorney and Monterey County District Attorney's ...
Judge appoints receiver for Cedar Funding
Monterey County Superior Court Judge Marla Anderson on Thursday appointed a receiver to take over troubled mortgage fund and investment firm Cedar Funding. Anderson said a neutral receiver, who is monitored by the court, would ...
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David Nilsen, "Monterey's Madoff," Pleads Guilty to Real Estate Investment Fraud
Former Cedar Funding President David A. Nilsen of Seaside pleaded guilty in San Jose's federal district court today to a single count of conspiracy to ...
Cedar Funding Boss Sentenced to 8 Years in Prison, Ordered to Pay $70 Million
David Nilsen got caught trying to ride out the housing bubble even after it burst, and it's going to cost him eight years in prison ...
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Least Popular Guy In The Room: Cedar Funding’s David Nilsen (right) allegedly ran a Ponzi ...
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