Owners of Elk Grove’s Falls Event Center in trouble with the SEC

Owners of Elk Grove’s Falls Event Center in trouble with the SEC

 

The owner of Elk Grove’s Falls Events Center is being sued by the SEC (Securities and Exchange Commission).

Source: SEC files suit against developer of The Falls Event Centers – Sacramento Business Journal

The suit alleges that the owners misrepresented the profitability of the centers when raising money for investors.  The SEC filing shows the centers have never been profitable.

 

The Falls Event Center is also behind on their taxes owed to the County of Sacramento.  That was the case in 2017 as well.  A notice was posted in local papers of a trustee sale on May 31. A reader on Elk Grove Laguna Forums shared a note that was posted on the door at the Falls Events Center last week.  No word on what would happen to the center if it is sold at auction.  Anyone with reservations for the facilities should contact the Falls Events Center regarding their reservation

 

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