1300 W. Washington Street

Phoenix, AZ 85007-2996

 

 

Main: (602) 542-4242

Email: SecuritiesDiv@azcc.gov

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Commission Penalizes Flagstaff Man for Fraudulent Securities Sales

The Corporation Commission ordered Alfred Baca of Flagstaff and Chrysology Capital Group, LLC to pay a $10,000 administrative penalty for fraudulently selling securities in Arizona while not registered in as a securities salesman or dealer.

The Corporation Commission found that Baca and Chrysology Capital Group told investors their money would be used for the appraisal of diamonds, but some of the money was misappropriated to pay for Baca’s personal expenses. The Corporation Commission found that Baca and Chrysology Capital Group falsely represented that the execution of the agreements with investors did not violate the law.  The investors have since been repaid.

In settling this matter, Baca and Chrysology Capital Group admit to the Commission’s findings and agree to the entry of the consent order.

All documents related to this agenda item can be found in the Corporation Commission’s online docket at https://edocket.azcc.gov and entering docket number  S-21124A-20-0292.

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Arizona Corporation Commission

1200 W. Washington Street

Phoenix, AZ 85007

 

Corporations Division

1300 W. Washington Street

Phoenix, AZ 85007

 

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