SEC Temporarily Halts Porn Watching, Sues Arizona Company Doing RE Loans-Type Deeds

Per Equitatus, there is an interesting parallel to a case called Radical Bunny.

According to the Commission’s complaint, the four promoters
misrepresented how Mortgages Ltd. could use money loaned by Radical Bunny LLC by falsely telling investors that their funds could only be used for commercial development when there were no such restrictions. They also misrepresented to investors that they were closely monitoring Mortgages Ltd.’s financial condition, but they were caught completely unaware of the circumstances that ultimately led to its bankruptcy. Furthermore, they
misrepresented to investors that the offering was not subject to the federal securities laws when, in fact, legal counsel had advised them otherwise on at least three separate occasions.

You may be wondering which law firm represented these rad rabbits and you probably wouldn’t be shocked to find out that it was none other than our good friends from Greenberg Traurig.  GT just so happened to be the masterminds behind the Exchange Agreement that subjected us to the WFF LOC without our willful agreement.  If the Radical Bunny guys got sucker punched by the SEC, what’s stopping the SEC from taking a closer (read:  BETTER/SECOND/LESS LAZY/REAL/TRUE) look at REL.  What’s it all mean?  Head on over to Equitatus’ blog for more info.

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4 thoughts on “SEC Temporarily Halts Porn Watching, Sues Arizona Company Doing RE Loans-Type Deeds

    • All the letters that have been written to the SEC, Sec. of State, Atty General should be resent. They need to wake up for a moment from their deep slumber. Keep sending the letters and keep a record of it – this will someday soon land up in proper domain and who ever the elected officials and their organizations are will have some explaining to do.

      Shame on those bodies that are responsible for taking action and failed to do so since the past several years.

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