page_title: East Town Mall
section_title: Ponzi scheme
hierarchical_section_title: East Town Mall / History / Ponzi scheme
caption_attribution_description: English: Center court in East Town Mall in Green Bay, Wisconsin.
context_page_description: East Town Mall is an enclosed shopping mall owned by Lexington Realty International and Case Equity Partners, in Green Bay, Wisconsin in the United States. It is the only enclosed shopping mall within the city of Green Bay.
context_section_description: In 2014, Massachusetts Secretary of the Commonwealth William Galvin filed fraud charges against Cabot Investment Properties, accusing them of operating a ponzi scheme. In the preceding years, the owners of Cabot Investment Properties had embezzled over $9 million. Local investors, many of whom were retired or elderly, had each paid $213,000 for a three percent ownership stake in the mall, which was then lost due to embezzlement.
  After Cabot Investment Properties defaulted, the court placed the mall in receivership, with Jones Lang LaSalle being appointed as the receiving owner.
caption: Center court in East Town Mall in Green Bay, Wisconsin.
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