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Violation Tracker Individual Record

Company: Rossshire Development LLC and Greenstone Ventures LLC and Modern South Development LLC
Penalty: $1,771,382
Year: 2021
Date: November 15, 2021
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: The owner and operator of Rossshire Development LLC, Greenstone Ventures LLC and Modern South Development LLC was sentenced to ten years in prison and to pay restitution of $1,771,382 in judgment of charges the companies were used to carry out fraud upon real estate investors in a Ponzi scheme following a state and federal investigation and prosecution.
Level of Government: state
Action Type: agency action
Agency: North Carolina Division of Securities
Civil or Criminal Case: criminal
Facility State: North Carolina
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.