Securities Division, 3rd Floor
Arizona Corporation Commission
1300 W. Washington St.
Phoenix, AZ 85007
Main: (602) 542-4242
Toll-Free Number in Arizona:
1-(866) 837-4399
Email
SecuritiesDiv@azcc.gov
Ask and Check
Before You Invest!
Toll free in AZ
1-866-VERIFY-9
(1-866-837-4399)
in Brief
Subscribe to securities news briefs at info@azinvestor.gov.
Commission Sanctions Promoters of Phony Crypto Offering
The Arizona Corporation Commission issued a default order against Robert Paul Dunlap of Florida and Meta 1 Coin Trust, stemming from their failure to respond to charges of defrauding over 300 investors with a fraudulent cryptocurrency offering.
Despite claims of backing by diverse assets like artwork and precious metals, Dunlap and Meta 1 Coin Trust never used investor funds to purchase such assets. Operating from a retail store mailbox in Sedona, Arizona, and having prior judgments for securities fraud, they have been ordered to pay $4.15 million in restitution and a $250,000 administrative penalty.
All legal documents relating to this agenda item can be found in the Corporation Commission's online docket at edocket.azcc.gov and entering docket number S-21149A-21-0372.