The Arizona Corporation Commission found former securities salesman Robert Steven Swagger, of Scottsdale, along with two limited liability companies — TRS Pureflix LLC and TRS Cos. LLC — committed securities fraud.

Robert Swagger, TRS Pureflix LLC and TRS Cos. are ordered to pay $202,000 in restitution and a $25,000 administrative penalty, while his wife, Terri Lynne Swagger, as a controlling person of TRS Pureflix LLC, is ordered to pay $10,000 in restitution for the company’s securities fraud violations, according to press release from the Arizona Corporation Commission.

The commission found Swagger solicited investors through the Young Presidents Organization Christian Fellowship Network by posting the investment pool offering on its discussion board and by emailing members. Swagger then spent investor funds on personal expenses instead of investing the money into a streaming company for faith and family-friendly media projects, the release said.

Swagger is awaiting sentencing before the U.S. District Court for the District of Arizona after pleading guilty to federal wire fraud charges related to his conduct promoting the investment pool offering.