Business ProfileforCorporate Mystic LLC
Current Alerts For This Business
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On December 9, 2019, Susan Margaret Werth, owner of Corporate Mystic LLC, entered into a Plea Agreement with the Department of Justice. The Plea Agreement settles allegations that Susan Werth engaged in wire fraud and running a Ponzi scheme that deceived investors by falsely claiming their funds would be used to make short-term construction loans to clients who were engaged in like-kind exchanges of commercial properties. Under terms of the agreement, Susan Werth agreed to 70 months in federal prison, and was ordered to pay $6,290,510 in restitution.
This action is final.
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On December 20, 2018 Corporate Mystic LLC and the owner, Susan Werth were issued a Judgment with the Securities and Exchange Commission. The Judgment settles allegations that the business engaged in schemes to defraud by misappropriating investor funds for personal use or make Ponzi payments to other investors, and forging documents to make it appear as if they were engaged in a bona fide business, and never registered the securities that they offered. Under terms of the Judgment, the business and owner is permanently restrained and enjoined from the offer, sale, purchase of any securities; their assets have been frozen; the business is restrained from destroying or disposing of any documents pertaining to the defendants, and they must pay disgorgement and civil penalty to the Commission.
This action is final.
At-a-glance
Business Details
- Location of This Business
- 826 Orange Ave Ste 192, Coronado, CA 92118
- BBB File Opened:
- 4/19/2019
- Years in Business:
- 14
- Business Started:
- 9/2/2010
- Type of Entity:
- Sole Proprietorship
- Related Businesses
- Business Management
- Ms. Susan Werth, CEO/Owner
- Contact Information
Principal
- Ms. Susan Werth, CEO/Owner
Customer Contact
- Ms. Susan Werth, CEO/Owner
Customer Complaints
0 Customer Complaints
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