Arizona Corporation Commission puts stop to unregistered investments
Published: December 12, 2012 at 8:56 am
The panel announced Tuesday that it reached settlements with three people and ordered more than $16 million in restitution to be paid to investors.
In the first case, Edward Mazur and Ronnie Williams were accused of fraudulently promoting an unregistered investment program involving wind energy development.
The commission found that Mazur and Williams offered and sold to more than 300 investors nationwide but were not registered to do so.
In the other case, the commission found that Larry Goldman of Tucson and his company, MT Explorations, LLC, promoted an unregistered gold mining investment program to more than two dozen people in Arizona, Ohio and Utah.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.