Investors in Alaska Financial Company III may have options to recover losses following the fund operators settling SEC fraud charges.
Adam J. Marquardt
March 26, 2018
On March 22, 2018, the Securities and Exchange Commission (“SEC”) announced it settled fraud charges against the operators of the Alaska Financial Company III, LLC (“AFC III”) real estate fund that was allegedly used to bilk millions of dollars from investors. AFC III is operated by Tobias Preston, his brother, Charles Preston, and his son,
