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Arizona puts stop to unregistered investments

PHOENIX — The Arizona Corporation Commission has put the brakes on two
separate investment endeavors that involved selling securities in wind and gold
mining projects.

The panel announced Tuesday that it reached settlements with three people and
ordered more than $16 million in restitution to be paid to investors.

In the first case, Edward Mazur and Ronnie Williams were accused of
fraudulently promoting an unregistered investment program involving wind energy
development.

The commission found that Mazur and Williams offered and sold to more than 300
investors nationwide but were not registered to do so.

In the other case, the commission found that Larry Goldman of Tucson and his
company, MT Explorations, LLC, promoted an unregistered gold mining investment
program to more than two dozen people in Arizona, Ohio and Utah.

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