SAN FRANCISCO | 2700 Sloat Boulevard | 560 FT | 50 FLOORS

They seem determined to put towers along the beach.

1 Like
6 Likes

A very sad story about a husband and wife that apparently have declined to obtain treatment for their mental-health issues.

I wish them well, and I hope they get the help they need.

1 Like

yikes

“In 2004, John Hickey pitched plans for the largest residential towers in California, in San Francisco’s India Basin. Those failed to come to fruition after he was indicted and spent 97 months in prison in connection with a Ponzi scheme to develop land in Napa and Sonoma counties.

He and a co-conspirator bilked more than 700 investors out of roughly $20 million by falsifying property records, according to court records. Instead of using the money to acquire real estate for redevelopment, they paid off early investors, and the remainder went to personal purchases.

As of 2016, three years after his release from prison, Hickey had paid just $5,150 toward the more than $17 million he owed in restitution to his victims.“

1 Like