Business partner alleges that Sonoma developer Ken Mattson engaged in a ‘secretive scheme’

The real estate partnership between Sonoma residents Ken Mattson and Tim LeFever has taken a dramatic turn as accusations of financial impropriety and betrayal have surfaced. LeFever sent out emails to investors detailing a secretive scheme by Mattson that allegedly involved unauthorized transactions and misappropriation of funds.

According to the emails obtained by The Press Democrat, LeFever accused Mattson of depositing investor money into his personal account, selling interests in partnerships without authorization, and potentially committing funds he did not have. The accusations have led to investigations by the Securities and Exchange Commission and the United States Attorney’s Office, with the IRS also reportedly looking into the matter.

The partnership, known as LeFever Mattson, has faced legal challenges in the past, including liens and back taxes on their properties. Mattson stepped down as CEO and CFO in April, and the latest allegations by LeFever revolve around accounts set up under their various LLCs and limited partnerships.

LeFever expressed sympathy for the investors who have been impacted by the alleged actions of Mattson, and he indicated that legal proceedings are just beginning. Mattson has entered into an indemnity agreement with LeFever Mattson, agreeing to hold the company harmless from any damages resulting from his unauthorized transactions.

The unraveling of this once successful partnership has sent shockwaves through the Sonoma community, where Mattson and LeFever have been the subject of suspicion and criticism for their business practices and property management. The future of their real estate empire remains uncertain as investigations continue and legal battles loom on the horizon.