Bay Area real estate investor investigated

March 9, 2011 11:47:01 PM PST
The Department of Corporations is taking action against a Bay Area real estate investor who calls herself the "Prosperity Queen."

Penelope Van Hulle and her former business partner Caroline Hegarty have been served with an order that bars them from selling investment contracts, or interests in real estate joint ventures.

The order claims Van Hulle never told investors that Hegarty was not a licensed real estate agent or broker, or that Hegerty's company was not registered to do business in California.