A Sonoma investor is now facing serious federal charges. Ken Mattson was arrested last week following an FBI raid on his home, accused of a massive real estate investment fraud scheme.
According to the Press Democrat, prosecutors allege Mattson swindled hundreds of clients out of tens of millions of dollars. Court documents reveal he allegedly deleted thousands of files and was seen disposing of items before the raid. Victims are urging the court to keep him detained, fearing he’ll continue his alleged deception.
Mattson’s attorney is seeking bail, while prosecutors argue he’s a flight risk who could destroy evidence. Mattson faces charges including wire fraud and money laundering, with a potential 15 years or more in prison. A hearing today will determine his custody status.