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Rainmaker Managed Living Company

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August 24, 2005 | Times Staff and Wire Services
Rainmaker Managed Living, a developer of assisted living facilities with operations in California and New York, was accused Tuesday by the Securities and Exchange Commission of defrauding investors. The company raised more than $7 million since August 2004 and promised investors a guaranteed return of 25% a year, the SEC office in Los Angeles said.
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BUSINESS
August 24, 2005 | Times Staff and Wire Services
Rainmaker Managed Living, a developer of assisted living facilities with operations in California and New York, was accused Tuesday by the Securities and Exchange Commission of defrauding investors. The company raised more than $7 million since August 2004 and promised investors a guaranteed return of 25% a year, the SEC office in Los Angeles said.
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