The $24 million payout by Chicago Title comes more than three years after Champion-Cain was first accused of duping hundreds of people into investing in a bogus lending scheme
A federal court judge tentatively approves a settlement that would allow the last remaining investors to get back 100 percent of their net losses from a long-running financial fraud masterminded by Champion-Cain.
A newbie restaurateur, Champion-Cain struggles to build a hospitality empire. But as expenses and debt mount, she masterminds an even bigger enterprise that for eight years was San Diego's best kept secret. Now she's in prison, and her victims still are out millions of dollars.
Receiver overseeing remaining Champion-Cain assets predicts victims could recover up to 95 percent of losses, including large settlements already negotiated with Chicago Title. The recovery plan comes as Champion-Cain, now in prison, faces a restitution hearing next week in federal court.