The owner of a Delaware real estate company pleaded guilty to charges that he defrauded investors and operated what amounted to a Ponzi scheme.
Carl Chen, owner of Chenmax Properties Inc. and part-owner of Re/Max Sunvest Realty Co., both based in Delaware, was charged by the U.S. attorney for the District of Delaware with wire fraud involving a total of $6.4 million he collected between 1991 through 2017 from 41 investors, according to court documents filed in the U.S District Court in Delaware.…
