PHOENIX (AP) - The Arizona Corporation Commission has ordered two Arizona limited liability companies to repay investors nearly $3 million for what the commission called a promissory note scheme.
The commission ordered Pangaea Investment Group to pay $2 million in restitution and $150,000 in penalties and Tri-Core Mexico Land Development to pay $1 million in restitution and $75,000 in penalties. Pangaea was doing business as Arizona Investment Center.
The Commission on Wednesday found both companies fraudulently offered and sold unregistered promissory notes to nearly 70 investors who lived in Arizona and across the U.S. while not registered as Arizona securities dealers.
Both companies allegedly told investors their alternative investments were secured by property or equipment but they were not.
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Tuesday, June 18 2013 4:55 PM EDT2013-06-18 20:55:38 GMT
A man accused of fatally shooting a gay man walking with a companion in New York City's Greenwich Village pleaded not guilty.
A man accused of fatally shooting a gay man walking with a companion in New York City's Greenwich Village afterward claimed that he opened fire because the victim "thought he was tough in front of his bitch," prosecutors said in court papers Tuesday.
Tuesday, June 18 2013 3:46 PM EDT2013-06-18 19:46:32 GMT
Photo courtesy of @N42_21_W71_04)
Riders should anticipate cancellations and delays on the Long Island Rail Road for the Tuesday evening rush. The railroad has canceled 21 trains that normally leave Penn Station between 3:27 and 7:01 p.m.
Riders should anticipate cancellations and delays on the Long Island Rail Road for the Tuesday evening rush. The railroad has canceled 21 trains that normally leave Penn Station between 3:27 and 7:01 p.m.
Tuesday, June 18 2013 3:32 PM EDT2013-06-18 19:32:12 GMT
NYC
Nearly 3 million New Yorkers' homes are now in evacuation zones that cover more than a third of the city's population, under new maps released Tuesday.
Nearly 3 million New Yorkers' homes are now in evacuation zones that cover more than a third of the city's population, under new maps released Tuesday.In the wake of Superstorm Sandy, officials said last month, the number of zones would double and encompass about 600,000 more residents.
Tuesday, June 18 2013 3:05 PM EDT2013-06-18 19:05:09 GMT
Police are looking for a man who stabbed another man in Times Square Tuesday afternoon, authorities said.The victim was stabbed in the chest, the NYPD and FDNY said.
Police are looking for a man who stabbed another man in Times Square Tuesday afternoon, authorities said.The victim was stabbed in the chest, the NYPD and FDNY said.
Tuesday, June 18 2013 1:18 PM EDT2013-06-18 17:18:24 GMT
It's a sight that can trigger dread. The low-battery message appears on your cell phone when there's no charger around.
It's a sight that can trigger dread. The low-battery message appears on your cell phone when there's no charger around. Now New York City has teamed up with AT&T to install 25 solar powered charging stations over the summer.
Tuesday, June 18 2013 12:20 PM EDT2013-06-18 16:20:04 GMT
The director of the National Security Agency said Tuesday the government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange.
The director of the National Security Agency said Tuesday the government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange.
