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This business has 2 alerts.
Government Actions
California Department of Financial Protection and Innovation v C Quadrant LLC, Jeremy Taylor Johnson, Anthony Todd Johnson, and Michael Gregory
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 June 24, 2022, the C Quadrant LLC, Jeremy Taylor Johnson, Anthony Todd Johnson, and Michael Gregory entered into a Settlement Agreement with The Department of Financial Protection and Innovation. The Settlement Agreement settles allegations that the business offered and sold securities in the form of limited liability company membership units, promissory notes, and/or investment contracts. Under terms of the Settlement Agreement, the business agreed to desist and refrain from offering or selling in the State of California securities, including but not limited to limited liability company interests, and to desist and refrain from offering or selling or buying or offering to buy any security in the State of California by means of any written or oral communications. The business agreed to pay an administrative penalty in the amount of $200,000.00.
This action is final
Government Action: BBB reports on known government actions involving business’ marketplace conduct:
Securities and Exchange Commission v C Quandrant LLC, Michael Gregory, and Jeremy Johnson
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the governments allegations, which have not yet been proven.
On July 28, 2020, The Securities and Exchange Commission filed a Complaint against C Quandrant LLC, Michael Gregory (CEO), and Jeremy Johnson (COO). Charges filed allege the business is in violation of federal law prohibiting fraud in the offer or sale of securities by misleading and deceiving investors about returns on investments. The Federal law also prohibits fraud in connection with the purchase or sale of securities, unregistered offer and sale of securities and acting as an unregistered broker-dealer. Michael Gregory an Jeremy Johnson led investors to believe they would receive a guaranteed annual return on their investments of 100% or more. Johnson misappropriated more than $2.7 million of investor money and, with Gregory, deceived investors about a purported "business loan" secured by real property to develop the CBD extraction facility that in fact was used to pay back investors in an unrelated entity.
The matter is pending.
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