Arizona Corporation Commission: Montana Man Sanctioned for Selling Fraudulent E-Commerce Investment
April 23, 2025
April 23, 2025
PHOENIX, Arizona, April 23 -- The Arizona Corporation Commission issued the following news release on April 22, 2025:
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Montana Man Sanctioned for Selling Fraudulent E-Commerce Investment
Phoenix, Ariz. -- The Arizona Corporation Commission ordered respondents Stuart Simonsen and his affiliated company, Saddlebrook Investments, LLC, of Montana, to pay $187,000 in restitution and $25,000 administrative penalty for committing securities fraud.
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Montana Man Sanctioned for Selling Fraudulent E-Commerce Investment
Phoenix, Ariz. -- The Arizona Corporation Commission ordered respondents Stuart Simonsen and his affiliated company, Saddlebrook Investments, LLC, of Montana, to pay $187,000 in restitution and $25,000 administrative penalty for committing securities fraud.