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News

Commission Sanctions Promoters of “Secret” Fraudulent Investment Scheme

The Corporation Commission ordered multiple respondents from Arizona to pay restitution and penalties for defrauding investors with a clandestine prime bank investment scheme.

In its default order, the Corporation Commission ordered D2D Financial, LLC, Rone Dolph of Scottsdale and Susan Jean Arcadia of Surprise to pay restitution in the amount of $100,000. Respondents D2D Financial, LLC and Rone Milton Dolph are required to pay a $30,000 administrative penalty and Susan Arcadia, Anthony “Tony” Bellassai of Scottsdale and Super Commercial Loans, LLC are required to each pay a $15,000 administrative penalty.

The Corporation Commission found the respondents have been carrying out the fraudulent investment scheme by offering investment products such as a "private placement program" and "proprietary loan program" through D2D Financial, LLC.  Investors were promised astronomical returns within a short period of time and were required to sign a form to maintain secrecy and confidentiality, which the respondents claimed was required by the “rules” of the International Chamber of Commerce in Paris, France.

The Corporation Commission found the respondents made material misrepresentations and omissions to investors such as the risks associated with the investment and Susan Arcadia's prior criminal convictions for charges that included forgery and trafficking in stolen property. Also, the respondents were not registered to offer or sell securities in Arizona.

All documents relating to this agenda item can be found in the Corporation Commission's online docket at https://edocket.azcc.gov and entering docket number S- 2172A-21-0400.

Arizona Corporation Commission

1200 W. Washington Street

Phoenix, AZ 85007

 

Corporations Division

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Phoenix, AZ 85007

 

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