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FRIDAY, SEPTEMBER 6, 2019
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Filippi’s Pizza Grotto & Italian Restaurant A Nice Family Restaurant
Senior Discount Save 10% Dine in only if ordering pizza, small pizza only
962 Garnet Ave., San Diego 92109 • 858-483-6222
Where to watch NFL in PB, MB
’90s Rock Show plays Campland
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CHEERING ON THE BUCS
Mission Bay High School junior cheerleader Leilani Craigo, and the rest of the squad, cheer on the Bucs during their season opening 20-14 win at San Ysidro on Aug. 23. Last Friday, Mission Bay lost 34-13 at La Jolla. The Buccaneers’ home-opener will be against the University City Centurions at 6 p.m. on Friday, Sept. 6. STEVE SIDELL / BEACH & BAY PRESS
The Patio Group founder charged with fraud by SEC The Securities and Exchange Commission on Aug. 29 announced it has filed charges and obtained a consentedto asset freeze against San Diego-based ANI Development LLC, its principal, Gina Champion-Cain, and a relief defendant, for operating a multi-year $300 million scheme that defrauded approximately 50 retail investors. Champion-Cain is also the founder of The Patio Group, which operates the restaurants: The Patio on Lamont (Pacific Beach), The Patio on Goldfinch (Mission Hills), and Fireside By The Patio (Liberty Station). According to the SEC’s complaint, beginning in 2012, defendants fraudulently raised hunGina dreds of millions of Champion-Cain dollars from investors by claiming to offer investors an opportunity to make short-term, high-interest loans to parties seeking to acquire California alcohol licenses. In truth, the SEC alleges, the investment opportunity was a sham. Contrary to defendants’ representations, the SEC asserts, defendants did not use investor funds to make loans to alcohol license applicants. Instead, Cain directed significant amounts of investor funds to a relief defendant that she controlled. “The SEC took emergency action to stop what we allege is an egregious fraud,” said Los Angeles regional director Michele Wein Layne. “Importantly, the agreement we reached with the defendants to freeze their assets during the litigation will give investors the best chance to maximize their recovery going forward.” SEE SEC, Page 4