AZ Corp Commission News

Arizona Corporation Commission Closes Densco Case, Recovers $19.7M for Investors

The Arizona Corporation Commission (ACC) has closed its civil case against Densco Investment Corporation after recovering nearly $19.7 million for defrauded investors. The ACC filed the complaint in 2016 for violations of the Arizona Securities Act, stemming from misrepresentations about real estate loans.

Arizona Corporation Commission Orders $10,000 Penalty for Craigslist Securities Fraud

The Arizona Corporation Commission ordered Dean Douglas Odle and MCM AF Assets LLC to pay $10,000 in administrative penalties for violating the Securities Act. The respondents engaged in fraudulent Craigslist investment advertisements offering high returns with misrepresented risks.

ACC Orders $4.14M Restitution and Penalties for Business Automation Scheme

The Arizona Corporation Commission ordered Ryan Morgan and All Done Consulting, LLC to pay $4,143,670 in restitution and $510,000 in administrative penalties for violating the Arizona Securities Act. The order stems from a business automation scheme that defrauded 109 investors.