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WASHINGTON — Federal regulators accused Sunwest Management Inc., one of the nation’s largest operators of assisted-living facilities, and its former chief executive on Monday with securities fraud in connection with real-estate investments that turned sour.
The Securities and Exchange Commission announced the charges against Sunwest, based in Salem, Ore., and went into federal court to seek an emergency order freezing the company’s assets, a request denied by the judge, according to an attorney for the company.
