1300 W. Washington Street
Phoenix, AZ 85007-2996
The Corporation Commission orders Wattenberg 1, LLC to pay $453,880 in restitution and a $35,000 administrative penalty for fraudulently offering and selling stock in a dissolved company.
The Corporation Commission found that Wattenberg 1, LLC. fraudulently offered and sold unregistered securities to at least 19 investors while not registered as a securities salesman or dealer. Wattenberg 1, LLC was organized in New Mexico by Sharon Depriest and managed by Michael French. David Paul French, who was sanctioned by the Corporation Commission [see Decision No. 77880] in January of 2021, also fraudulently offered and sold unregistered securities on behalf of Wattenberg 1 and others.