Performance Realty Management, LLC and Equity Pacesetter, Arizona Alleges Violations of the Securities Act of Arizona | Goodman & Nekvasil P.A. May Recover Investor Losses
ACCORDING TO THE SECURITIES DIVISION OF ARIZONA CORPORATION COMMISSION:
The Securities Division (“Division”) of the Arizona Corporation Commission (“Commission”) alleges that Respondents Sean Zarinegar, Jack Combs, Equity Pacesetter, LLC, Equity Pacesetter II, LLC, Equity Pacesetter III, LLC, American Realty Partners, LLC, Performance Realty Management, LLC, and Corix Bioscience, Inc., formerly known as American Housing Income Trust, Inc., have engaged in acts, practices, and transactions that constitute violations of the Securities Act of Arizona, A.R.S. §44-1801 et seq. (“Securities Act”).
From 2010 through 2017, Sean Zarinegar organized and operated several “fix and flip” or “buy and hold” real estate companies which raised funds through a series of offerings of unregistered securities in the form of membership units and shares of stock. In sum, Performance Realty Management LLC, Equity Pacesetter, Equity Pacesetter II, Equity Pacesetter III, American Realty Partners, LLC, and American Housing Income Trust, Inc. (“the Companies”) and Zarinegar raised at least $16,579,304 from at least 297 investors.
During the offering process, the Companies and their agents, who were not registered with the Commission to sell securities, made false and misleading representations to potential investors. Zarinegar and the Companies then misappropriated certain investment proceeds.
You may have the right to recover your losses from the brokerage firm that sold Performance Realty Management LLC, Equity Pacesetter, Equity Pacesetter II, Equity Pacesetter III, American Realty Partners, LLC, American Housing Income Trust, Inc. and/or other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment in Performance Realty Management LLC, Equity Pacesetter, Equity Pacesetter II, Equity Pacesetter III, American Realty Partners, LLC, American Housing Income Trust, Inc. and/or other high-risk investments and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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