That distribution is on top of the more than $180 million in settlements already paid out by Chicago Title, which was responsible for holding investors’ money in what turned out to be bogus escrow accounts.īusiness The woman who swindled San Diego: Inside Gina Champion-Cain’s empire of lies While the receiver, Krista Freitag, has been able to distribute this year more than $21 million to Champion-Cain’s victims, there is likely more money coming.
The court-appointed receiver who was tasked with unraveling the morass of Champion-Cain’s legitimate business operations and real estate holdings is nearing the end of her work, but in her latest status update - the 17th since the federal fraud case began - she says there is still more work to do, although it may not significantly increase the financial recovery to date for the hundreds of duped investors. More than four years after former restaurateur Gina Champion-Cain was charged with securities fraud for masterminding San Diego’s biggest Ponzi scheme, her victims have recovered a good chunk of their losses, but they are awaiting still more.