Newly disclosed bankruptcy documents reveal that Tim LeFever had serious misgivings about business partner Ken Mattson’s “scam-like” transactions as early as 2013.
The Press Democrat reports personal journal entries show LeFever questioned Mattson’s habit of bypassing formal escrow and paying investors out of pocket a decade before the firm’s collapse. Despite writing that these practices looked like a Ponzi scheme, the licensed attorney remained “complicit,” admitting the pair became enormously wealthy while the suspicious deals continued.
LeFever eventually reported Mattson to federal authorities in 2024 and recently reached a $4.7 million settlement with defrauded investors.
While Mattson faces federal charges for a $100 million fraud, LeFever has not been charged with a crime.
