PHOENIX — A Scottsdale man has been fined more than $240,000 for investment fraud from late 2018 to early 2023, the Arizona Corporation Commission (ACC) announced on Nov. 19.

John A. Perez allegedly “fraudulently (engaged) in unlicensed advisory services” from November 2018 to February 2023 and has been ordered to pay $174,087 in restitution fees and another $71,000 in administrative penalties.

Details on Scottsdale man’s fraudulent investment services

According to the ACC, Perez posed as “a wealthy retired investment adviser and stockbroker” and claimed that he could teach investors “how to significantly increase their investments.”

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