A mom’s disappearance in California could be linked to $43M fraud

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A California mother who disappeared from her son’s football game on Oct/17 is at the centre of a suspected $43 million fraud.

Witnesses said Heidi Planck, 39, “looked antsy” at her 10-year-old son’s football game which was the last place she was seen.

Her son was scheduled to be with her ex-husband following the game. However, people started to get concerned when the mother failed to pick the boy up from school three days later.

Bizarrely, Planck’s dog was found alone on the 28th floor of an apartment building 20 km from her home. He was traced using a microchip inside him. The owners of the apartment building are refusing to cooperate with cops.

Police are trying to determine whether her disappearance is connected to her role as financial controller for a company under investigation by the Securities and Exchange Commission for a suspected $43 million fraud.

According to the Daily Mail,   Jason Sugarman, a managing partner at Camden Capital where Planck worked, was charged in June 2019 by the SEC for his role in a scheme to steal $43 million of client funds they purported to invest in Native American tribal bonds.

Sugarman is also the minority owner of Los Angeles Football Club and son-in-law of Hollywood mogul Peter Guber.

In 2020, his business partner, Jason Galanis, was sentenced to 189 months in prison for multiple fraudulent schemes including the tribal bond scheme.

Now, Planck family fears she may have been the victim of foul play.

Planck’s er ex-husband Jim Wayne told DateLine “She’s a devoted mother who would never, ever leave her son,” and “She wouldn’t let a day go by without talking to her son, there’s no way. We have a 10-year-old boy at home that’s looking for his mom and we just need to find her.”

This article was originally sourced by canada.com.