SCOTTSDALE, AZ (AZFamily) — The Arizona Corporation Commission (ACC) has ordered a Scottsdale man and his business to pay back more than $4 million after regulators say he ripped off investors in a “business automation” scheme.
On Friday, regulators said they ordered Ryan Morgan and All Done Consulting, LLC to pay back $4,143,670 and $510,000 in administrative penalties for violating the Arizona Securities Act and must also shut down the business.
The ACC said Morgan ran his firm through a Minnesota-based limited liability company but actually ran the firm through his East Valley apartment between January 2021 and August 2023…