Update: Potala Place development company say they did nothing wrong

An article in The Seattle Times quotes Path America, the company which owns property at Aurora Square, as saying it was "surprised by a federal investigation into its finances and expects to be cleared of any wrongdoing."

The Securities and Exchange Commission has filed charges against Path America and its owner Lobsang Dargey. See previous story.

Path America plans to build a large apartment complex at Aurora Square, but assets are frozen pending the SEC investigation. See previous story.