What should PPMG investors do after the SEC charged Mark D. Hanf and Hoai-Nam Chu Phan?
If you invested through Pacific Private Money Group or related offerings, the practical first step is to read the SEC announcement and identify what it says about your investment.
Start with the confirmed SEC allegations
The SEC announced charges on September 1, 2026, against Mark D. Hanf, former CEO of Pacific Private Money Group LLC, and Hoai-Nam Chu Phan, former COO of a PPMG subsidiary.
The complaint alleges an offering fraud involving more than $80 million from about 190 investors. The SEC said many investors were retail investors and retired senior citizens.
Compare your records to the SEC’s description
The SEC said investors were told their money would support real-estate-secured lending and produce preferred or fixed returns.
Affected investors may want to gather their own records, including investment documents, statements, communications, and payment history, then compare them with the SEC’s public description.
Keep the allegation status clear
The context describes SEC allegations in a complaint. It does not say the defendants have been found liable or convicted.
Because enforcement matters can develop after an announcement, check the SEC source for updates before making decisions based on this initial notice alone.
How much money did the SEC allege was raised and misappropriated in the PPMG case?
The SEC gave two key dollar figures in the PPMG case: more than $80 million allegedly raised from investors, and more than $7 million allegedly misappropriated by Mark D. Hanf.
The amounts in the SEC announcement
| SEC allegation | Amount |
|---|---|
| Investor funds raised | More than $80 million |
| Number of investors | About 190 investors |
| Investor funds allegedly misappropriated by Hanf | More than $7 million |
The SEC said many of the investors were retail investors and retired senior citizens.
What the SEC says investors were told
According to the SEC, investors were told their money would support real-estate-secured lending and produce preferred or fixed returns.
The complaint alleges that touted returns came largely from new investor money rather than fund earnings.
What the numbers do not prove by themselves
These are allegations from the SEC complaint, not a final court finding in the provided context. For the current status of the case, check the SEC’s latest public materials.
How did the SEC say the alleged PPMG scheme worked?
The SEC says the alleged PPMG scheme worked by using new investor money to pay earlier investors, while presenting returns as tied to real-estate-secured lending.
The basic flow alleged by the SEC
The SEC’s complaint describes this pattern:
- Investors were told their money would support real-estate-secured lending.
- Investors were told they would receive preferred or fixed returns.
- New investor funds were repeatedly used to pay earlier investors.
- The SEC alleges the returns came largely from fresh investor money, not fund earnings.
- The complaint also alleges Mark D. Hanf misappropriated more than $7 million of investor funds.
Who the SEC says was involved
The SEC announced charges against Mark D. Hanf, former CEO of Pacific Private Money Group LLC, and Hoai-Nam Chu Phan, former COO of a PPMG subsidiary.
The SEC said the alleged offering fraud brought in more than $80 million from about 190 investors.
Keep the wording precise
The provided context describes allegations in an SEC complaint. It does not state that a court has made final findings. For any later developments, use the SEC source as the starting point.
When did the SEC announce charges against the San Francisco Bay Area private fund executives?
The SEC announced the PPMG-related charges on September 1, 2026.
The announcement date
According to the provided context, the SEC announced charges on September 1, 2026, against:
- Mark D. Hanf, former CEO of Pacific Private Money Group LLC
- Hoai-Nam Chu Phan, former COO of a PPMG subsidiary
What the SEC alleged
The complaint alleges an offering fraud that raised more than $80 million from about 190 investors.
The SEC also alleged that investor money was represented as supporting real-estate-secured lending and preferred or fixed returns, while new investor funds were repeatedly used to pay earlier investors.
Why the date matters
For investors or readers tracking the matter, September 1, 2026, is the confirmed date of the SEC announcement in the provided material.
Check the SEC page for any later updates, filings, or status changes after that announcement.
Sources / Learn more
Related reading
- What should investors do if they invested with Ernest Ossei Boateng, Intercontinental Wealth Network LLC, or I Wealth Network LP?; What is the alleged timeline of the $16 million Ponzi scheme?; How much money does the SEC say was raised, diverted, and paid out in alleged Ponzi distributions?; Who did the SEC say was primarily targeted in the alleged investment scheme?
- What should affected CMI Capital investors do after the SEC complaint and proposed settlement?; What timeline did the SEC allege for the false or misleading statements?; How much money did the SEC say was raised from investors?; What claims about fund value and returns did the SEC say investors were told?
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