Novato’s Ken Casey was a larger-than-life phenomenon. That trait may follow him in death. Casey unexpectedly passed away in May 2020. A sportsman, arts patron and generous donor to nonprofits, Casey was founder and president of Novato-based Professional Financial Investors as well as Professional Investors Security Fund. A member of the county Human Rights Commission, he was one of Marin’s major political contributors. Casey’s heirs ere shocked to learn the Securities and Exchange Commission is now investigating Casey’s affairs. The reader’s family invested $1 million with Casey. Reputedly, almost 1,000 mostly North Bay residents invested at least $100,000 each for a “guaranteed” return. In 1997 “Casey pleaded guilty in federal court to one count of conspiracy to defraud the federal government, five counts of tax evasion, 41 counts of bank fraud and five counts of filing false income tax returns. He was sentenced to 18 months in prison and three years of probation.” That episode cost him his CPA’s license. While having only his Novato home and adjoining property in his own name, the investors groups have title to at well-over 60 commercial and multi-unit residential properties in Marin and Sonoma.
| Types | Person, Business Person |