Current print subscribers can create a free account by clicking here
Otherwise, follow the link below to join.
To Our Valued Readers –
Visitors to our website will be limited to five stories per month unless they opt to subscribe. The five stories do not include our exclusive content written by our journalists.
For $6.99, less than 20 cents a day, digital subscribers will receive unlimited access to YourValley.net, including exclusive content from our newsroom and access to our Daily Independent e-edition.
Our commitment to balanced, fair reporting and local coverage provides insight and perspective not found anywhere else.
Your financial commitment will help to preserve the kind of honest journalism produced by our reporters and editors. We trust you agree that independent journalism is an essential component of our democracy. Please click here to subscribe.
Need to set up your free e-Newspaper all-access account? click here.
Non-subscribers
Click here to see your options for becoming a subscriber.
Register to comment
Click here create a free account for posting comments.
Note that free accounts do not include access to premium content on this site.
I am anchor
crime
Peoria resident found guilty of securities fraud
Ordered to pay more than $4.6 million
Metro
he Arizona Corporation Commission found that a Peoria resident broke the law selling unregistered investment contracts to about 400 investors.
Posted
INDEPENDENT NEWSMEDIA
The Arizona Corporation Commission has found that a Peoria resident broke the law selling unregistered investment contracts to about 400 investors.
The commission ordered Jad Morris to pay more than $4.6 million for the securities fraud call center scheme.
Morris managed the scheme under limited liability companies Financial Leverage, IQBiz Financial and IQBiz Funding. These companies were never registered by the commission as a dealer, documents said.
Morris used investors' funds for personal uses which were not authorized by investors, according to the ACC.
The commission has jurisdiction over this matter, according to Article XV of the Arizona Constitution and the Securities Act.
