Violation Tracker Individual Record
Company:
Silversprings Real Estate Development & Investments, L.L.C. et al.
Penalty:
$7,554,463
Year:
2011
Date:
April 15, 2011
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
Silversprings Real Estate Development & Investments, fka Silverleaf Real Estate Development & Investments, L.L.C., Desert Oasis Condominium, L.L.C , The Mayan Resort & Casino, L.L.C., and their controlling individual, agreed to pay $7.4 million in restitution and a $150,000 administrative penalty in settlement of allegations they fraudulently sold unregistered securities in the state without being registered as dealers.
Level of Government:
state
Action Type:
agency action
Agency:
Arizona Corporation Commission
Civil or Criminal Case:
civil
Facility State:
Arizona
Source of Data:
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
