Pacific Private Money Founders Charged with Wire Fraud Conspiracy — Up to 20 Years in Prison
RedMap Risk Score
80/100
CRITICAL RISK
Risk Signal Summary
Mark Hanf and Nam Phan, founders of Pacific Private Money, have been charged with wire fraud conspiracy and money laundering in San Francisco. They allegedly misled investors about the company's financial health, raising approximately $103 million from over 175 investors before filing for bankruptcy.
Why This Matters
Governance and compliance anomalies in organizations managing public funds or charitable assets directly affect donors, beneficiaries, and taxpayers. The risk indicators identified in this report warrant further scrutiny by regulators, donors, and oversight bodies.
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Sign up free to unlock →Disclaimer: This report identifies risk indicators and unusual financial patterns based on publicly available IRS Form 990 data and government enforcement records. It does not assert fraud, criminal conduct, or legal violations. All findings are for informational purposes only and should not be construed as legal or financial advice.
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