A federal judge has denied a request from the Securities and Exchange Commission to freeze Rochester developer Bob Morgan’s assets. The SEC requested the freeze on behalf of investors in his company. They claim he owes them millions of dollars that he misused in a Ponzi scheme. Judge Elizabeth Wolford declined to freeze […]
The ESL Federal Credit Union has filed a motion to foreclose on a property owned by Morgan Management. Papers filed in court say the property is on Fairwood Drive off East River Road in Henrietta. ESL says it plans to foreclose on two liens against the property worth more than $17 million. The bank […]
A developer who has played a major role in downtown Rochester development has been indicted on federal fraud charges…and according to the Wall Street Journal, Morgan is now being targeted by the Securities and Exchange Commission. The U.S. Attorney’s Office in Buffalo unsealed a 114 count indictment against Robert C Morgan charging him with mortgage […]