The Bakersfield Investment Club, located on Stockdale Highway is under investigation by the Securities and Exchange Commission.
The SEC filed a complaint last week against the company, alleging CEO Daniel Nase of running a fraudulent scheme designed to enrich himself. Nase, a former property appraiser for Kern County, took in over $11 million from 400 people and guaranteed his investors a minimum return of 15 percent.
Los Angeles-area attorney, Scott Vick, who represents Daniel Nase, said he client ” . . . was very transparent and well-intentioned.” The SEC got it wrong. They don’t win every case they bring.”
Read the original article in BakersfieldNow.com