Sonoma Mogul Set to Plead Guilty, California Shock
What Kenneth Mattson Is Accused Of Federal prosecutors accuse Kenneth Mattson of orchestrating a years-long investment fraud that allegedly preyed on about 200 investors, many of them elderly retirees recruited through church-community ties. Authorities allege the case involved affinity fraud, with retirement savings solicited through trusted religious relationships and moved into purported real estate investments. Prosecutors also allege investors were encouraged to move money from traditional retirement accounts into self-directed IRAs as part of the alleged IRA transfers . A May 13, 2025 indictment in Northern California charges seven wire-fraud counts, one money-laundering count, and one obstruction count tied to destroyed records. Separately, the SEC sued on May 22, 2025, alleging deceptive sales of unregistered securities and violations of major federal anti-fraud provisions. Local residents had previously formed Wake Up Sonoma as transparency concerns mounted around the company...
