Ken Mattson and his business partner amassed a $400 million real estate empire. It has come crashing down in a heap of lawsuits, bankruptcies, and now his indictment.

A California real estate mogul has been arrested and is facing multiple federal charges for allegedly running a 15-year Ponzi scheme that defrauded hundreds of investors out of nearly $30 million.

Ken Mattson, wife implicated in attempt to remove property from Sonoma business they sold. Deputies were summoned to Sonoma’s Best market and deli on Sunday after receiving a report that people ...