The Real Deal New York

Mansion with a Ponzi scheme past lists for $37.5M

June 07, 2015 12:30PM
By Business Insider


A French-impersonating mansion in the Beverly Crest section of Los Angeles is now on the market for $37.5 million. It’s been on and off the market for a while now, after former owner Curtis Somoza was busted for a Ponzi scheme and sentenced to jail for 25 years in 2007.

The house was transferred to an LLC in 2005 and subsequently bought by Jeoung Lee, a healthcare entrepreneur.

Originally built in 2000, the entire home has been fully remodeled and renovated since.

Susan Perryman of Hilton and Hyland has the listing.

Welcome to the Wallingford Estate, a 22,000-square-foot home on the outskirts of one of Los Angeles’ most expensive districts.


Built in 2000, no expense was spared in bringing it up to the modern luxury standards commanded by a $37.5-million price tag.



A manicured 5-acre lawn, huge snake-like driveway and a ginormous front gate surround the house.


Inside, the French influences are clear — Marie Antoinette would have been pleased.


Baroque style permeates the home, and the interior is tasteful and bright, if a little overwhelming.


Top all that off with an absurdly large pool, which actually looks small in comparison to the house.