Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
Categories:

Archives:
Meta:
April 2024
S M T W T F S
« Oct    
 123456
78910111213
14151617181920
21222324252627
282930  
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…



Bookmark and Share
Subscribe

share

Leave a Reply