‘Queen of Mobile Homes’ Owes SEC Nearly $14 Million, Court Says

The SEC is entitled to a default judgment against a Texas woman who allegedly ran a mobile home investment scam, a federal court said in ordering almost $14 million in disgorgement, interest, and penalties.

Chimene Van Gundy is also subject to injunctions prohibiting her participation in the offer or sale of securities, Judge Fred Biery said in the order docketed Thursday in the US District Court for the Western District of Texas.

The Securities and Exchange Commission alleged that Van Gundy, who marketed herself as “the Queen of Mobile Homes,” ran an $18.5 million Ponzi scheme, using the investors’ money …

Source: ‘Queen of Mobile Homes’ Owes SEC Nearly $14 Million, Court Says