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Former Scottsdale Securities Salesman Defrauded Investors


This week, the Arizona Corporation Commission ordered a Scottsdale man, Tarleton J. Karry and Grand Oak Enterprises, LLC to pay $403,000 in restitution to investors and a $96,000 administrative penalty for fraudulently selling promissory notes.
The Commission found that Karry sold the unregistered notes to seven investors, some of whom were friends, acquaintances and one who was a former, financial services client. The Commission found Karry represented himself and his affiliated company as a middleman for a construction company that would use investor funds for real estate projects with promises of interest payments paid to investors from Karry and Grand Oak Enterprises, LLC. ....

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