Crime & Safety

Jury: Assemblywoman's Husband Ordered to Pay $10 Million to Investors

A jury has ordered Dan Harkey to pay investors $10 million after his Aliso Viejo-based company, Point Center Financial Inc., stopped paying out, according to the Orange County Register.

It took a jury 39 minutes of deliberation on Friday to award Harkey's investors $9 million in damages. On Monday, jurors returned to assign punitive damages totaling another $1 million.

Harkey, the husband of South County state Assemblywoman Diane Harkey, was accused of running a Ponzi-style investment scheme involving elder financial abuse and slush funds. His investors asked the jury for $43 million.

Diane Harkey was dropped from most of the charges, except one involving the transfer of their Dana Point home. She is running for a spot on the state Board of Equalization next election.

Prior to the economic collapse, Point Center owned hundreds of millions of dollars in assets, according to the Register. The company financed commercial and residential mortgages to fund projects across the state. Point Center declared chapter 11 bankruptcy in January, according to OC Weekly.

Harkey's defense attorney said he would ask the judge to throw out the verdict Tuesday.


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