A Pacific Heights luxury real estate developer under a court order to pay defrauded investors $50 million has “fraudulently transferred all of his assets to avoid the claims of plaintiffs and other creditors,” according to a new lawsuit filed in San Francisco Superior Court.
In the new lawsuit, attorneys for the group of investors, UNI SF VII LLC, allege that in August of 2020 the Troon Pacific CEO Greg Malin, knowing he faced likely litigation from investors, transferred his $15 million family home at 1970 Jackson St. into an irrevocable trust in the names of his sons.
Malin also transferred ownership of a 2009 Range Rover and a 2014 Tesla into the trust, along with an extensive art collection that includes works by Henri Matisse, Salvadore Dali, David Parks, Chuck Close, Jim Campbell and others, the investors claim in the lawsuit.