Unregistered Securities
Universal Leases found to be Unregistered Securities
As set out more fully below on our firm’s website (link below), the sale of Universal Leases in the name of Resort Holdings, Yucatan Resorts, and Avalon Resorts have been found by many states to be violations of securities laws prohibiting the sale of unregistered securities. The federal government has alleged that these investments relating to timeshares were a ponzi scheme. The link below further has a link to the FBI press release regarding the arrest of Michael Kelly.
Greco & Greco Universal Lease page
Posted by Greco & Greco on 08/03 at 04:13 PM
Ponzi Scheme •
State Regulators •
Arizona •
California •
Colorado •
Illinois •
Maryland •
Pennsylvania •
Texas •
Utah •
Universal Lease - Resort Holdings, Yucatan, Avalon •
Unregistered Securities •
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NASAA’s Top Ten Investment Scams
The North American Securities Administrators Association’s (NASAA) has published a top ten list of investment scams, including ponzi schemes, affinity fraud, unlicensed securities sellers, prime bank schemes, and variable annuities sales practices:
NASAA Top Ten Investment Scams.
Posted by Greco & Greco on 07/20 at 11:05 AM
Affinity Fraud •
Ponzi Scheme •
Unregistered Securities •
Variable Annuities •
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