Bel-Air developer Jay Belson accused of defrauding investors

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Jay Belson, who was involved with two developments in Bel-Air has been accused of misusing investor funds from several developments, including Bel-Air properties at 11005 Bellagio Place, and the one-development that incorporates two addresses at 911 Tione Road and 865 Stradella Road.  Belson is to pay millions to settle the case with U.S. Securities Exchange Commission.  

For more information, links to related news coverage is listed below:

Click here for LOS ANGELES TIMES article.

Click here for THE REAL DEAL article.

Click here for U.S. Securities and Exchange Commission Litigation link.

Click here to see SEC Complaint against Jay Belson, Smarte Real Estate Investments, Inc., Jack Rickman, LLC, John Blackstone, LLC, Residence at St. Ives, LLC, and Bellagio Place Residence, LLC