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04/18/10
Radical Bunny ordered to pay $189 million
Filed under: General, Business, Mortgages
Posted by: Lillian Wong @ 1:16 pm

Phoenix-based Radical Bunny LLC has been ordered by the Arizona Corporation Commission to pay $189.8 million in restitution to its investors.

After a 22-month investigation, the commission has found that Radical Bunny fraudulently sold unregistered deed-of-trust investments. The group, which raised money from almost 900 investors and then lent it to Mortgages Ltd., was not registered as a securities dealer.  more…



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