An LLC Will Give Me Protection Right ? - Not Actually Look at This

[Account Closed]

The owner of the LLC and the LLC were charged. (Be careful out there)

The charges were announced Nov. 29 — the day before Larmore's Arciterra Companies LLC and Arciterra Group LLC filed for Chapter 11 bankruptcy protection in Arizona.

Jonathan Larmore, a Valley real estate CEO, faces charges from the U.S. Securities and Exchange Commission. The charges were announced on Nov. 29 — the day before Larmore's Arciterra Companies LLC and Arciterra Group LLC filed for Chapter 11 bankruptcy protection in Arizona.

ArciTerra Companies, a real estate investment, development and management firm, was established in 2005 by Larmore. According to the allegations from federal investigators, starting in 2006 Larmore and ArciTerra raised approximately $45 million from more than 1,000 investors for two private funds, ArciTerra Note Fund II LLC and ArciTerra Note Fund III LLC.