Six Sigma Accused Of Defrauding Investors

More bad news for Jason Lee and Six Sigma however this time it's not just slowing sales. You might recall me featuring the story of Six Sigma's condo development at 435 West 19th Street filing for bankruptcy for the second time in the spring. Lee had also settled a lawsuit with his lender claiming that he schemed $300k in kickbacks from construction financing. He is now being accused of defrauding investors in their residential project in Chelsea at 517-523 West 29th Street. The lawsuit claims he used funds for West 29th Street for other projects and purposes. Accusations claim he commingled funds with missing ledgers up to $47M.

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