Judge appoints receiver over investment firm Essex Capital
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By Staff Report Thursday, January 10th, 2019
Geoff Winkler A U.S. District Court judge approved the appointment of a receiver over Santa Barbara investment firm Essex Capital on behalf of investors. Essex CEO Ralph Iannelli has been in a legal dispute with the Securities and Exchange Commission since June over allegations that Essex engaged in “Ponzi-like” activities involving some $80 million in…