August 17, 1995 |
State real estate regulators, who ordered defunct Tobin Investment Corp. last week to stop violating state laws, filed accusations Wednesday that seek to revoke the real estate licenses of the Huntington Beach company and its owner, Harold E. (Hal) Tobin. Tobin's real estate development and investment operations, which he shut down early this year, left about 300 mostly elderly Southern California investors with up to $60 million in losses.
September 15, 1998 |
Hal A. Tobin, the beleaguered former Huntington Beach developer who allegedly defrauded investors of nearly $60 million, has been hit with a third civil suit in Orange County Superior Court. Tobin, who lives in a gated Rancho Mirage golf club community but filed sworn statements in a federal securities fraud case late last year asserting that he is penniless, was sued Thursday by Robert and Susan Hansen, who say they were defrauded of $1.2 million.
February 4, 1997 |
Investors in real estate developer Harold E. Tobin's housing projects alleged Monday that former bankers and contractors conspired with him to bilk them of more than $35 million. The investors, many of whom lost their life savings, detailed their charges in an expanded lawsuit that accuses Tobin, his wife, his son, his bankers and others of racketeering and conspiracy, as well as fraud and negligence.
November 27, 1997 |
Former Huntington Beach developer Harold E. Tobin consented to a $3.75-million judgment in a securities fraud lawsuit, federal regulators said Wednesday. But he won't be paying any money back. The repayment was waived based on sworn statements that Tobin, 57, now of Rancho Mirage, is broke, according to the Securities and Exchange Commission, which brought the lawsuit. The judgment, however, orders him not to violate securities registration and anti-fraud provisions of securities laws.
July 16, 1997 |
Former Orange County developer Harold E. Tobin was accused in a federal lawsuit Tuesday of selling unregistered securities and defrauding investors of nearly $5 million in a botched effort to build homes in Las Vegas. The Securities and Exchange Commission charges in its civil action, filed in federal court in Los Angeles, that Tobin and his Huntington Beach company defrauded 90 mostly elderly investors in the real estate development he called Rancho Mirage.
May 26, 1995 |
From a bustling but modest office in Huntington Beach, Harold (Hal) Tobin attracted investors for his housing developments with a sales pitch that had worked for years: himself. "He'd ask you about your golf game; he knew everybody by their first name," said Ted Lewis, a Costa Mesa resident who invested $25,000 of his savings in Tobin's housing developments. "If somebody asked you whether to invest with him, you had to say, 'Sure,' because you knew you could trust him."