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 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.