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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 08:13 PM
Ponzi SchemeState RegulatorsArizonaCaliforniaColoradoIllinoisMarylandPennsylvaniaTexasUtahUniversal Lease - Resort Holdings, Yucatan, AvalonUnregistered Securities

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