SEC
Whistleblower
Attorneys

August 04, 2014

Kelly Ng, Walter Ng, Bruce Horowitz, The Mortgage Fund, LLC

Financial Fraud

SANCTION AMOUNT: $5,205,367

Defendants: The Mortgage Fund, LLC
Kelly Ng, Walter Ng, Bruce Horowitz

Settlement of allegations that defendants defrauded investors in their real estate fund called Mortgage Fund '08 LLC (MF08) by secretly transferring assets of almost $39 million to rescue an older, rapidly collapsing fund called R.E. Loans, LLC. Defendants also allegedly lured investors into the pillaged fund by making false claims about its performance.

Thank you for submitting some email to us.