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crime9h ago
Scottsdale man fined for defrauding investors
- A Scottsdale man was fined over $240,000 for investment fraud spanning 2018 to 2023.
- John A. Perez allegedly posed as a wealthy retired adviser and claimed to teach investors how to grow their money.
- The Arizona Corporation Commission ordered $174,087 in restitution and $71,000 in penalties.
- Investigators say Perez held training sessions across Arizona, charging between $2,500 and $20,000 each.
- Investors allegedly had their TD Ameritrade accounts accessed or managed without disclosure of past criminal convictions.
- The ACC cited Perez failed to disclose two prior criminal convictions for property theft.
- The scheme involved at least eight individuals or groups across Arizona.
- The sessions were described as fee-based investment training.
- The ACC’s action followed an investigation announced on November 19.
- The article is part of KTAR News’ coverage of Arizona business and regulatory actions.
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