Wyoming real estate company faces SEC probe over unpaid wages
WYOMING — Wyoming Real Estate and Real Estate crm has been named as a defendant in a federal investigation into unpaid wages, according to documents obtained by the Wall Street Journal.
The U.S. Securities and Exchange Commission filed a civil lawsuit on Tuesday against Wyoming Real Properties, the parent company of the Wyoming Real estate and Realestate crm and a company that manages Wyoming real estates.
The suit accuses Wyoming Real Assets of failing to pay employees a minimum wage and compensating those who have been laid off, the Journal reported.
Wyoming Real Property’s chief financial officer, Mike Miller, declined to comment.
The lawsuit alleges that the company has not paid the wages owed to Wyoming Real Employees since October 2017.
WYOP also has been accused of paying the wages of employees whose contracts expired before the lawsuit was filed.
Wyoming Realty’s chief executive officer, John Matson, did not respond to a request for comment on the lawsuit.
The WSJ reported on the allegations in a story published Friday.
Wyoming is one of the states hardest hit by the collapse of the housing market, which resulted in thousands of foreclosed homes.
A state government investigation into the company concluded that it failed to adequately monitor and prevent illegal activity.
Wyoming had a $15.5 million loss in 2017, the WSJ said.
Wyoming Realty, which manages about 7,000 properties in Wyoming, has also been accused in other states of paying wages to employees who were laid off in 2017.
A lawsuit in California alleges that Wyoming Realty paid $25,000 to workers who had been laid-off, the San Francisco Chronicle reported.
The company did not immediately respond to requests for comment.
This is a developing story.
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