Joint Statement by Vestin Realty Mortgage I, Inc. and Vestin Realty Mortgage II, Inc. regarding SEC actions

0
25
spotless_v01_728x90


LAS VEGAS, August 4, 2021 / PRNewswire / – On the Jul 29, 2021, The Securities and Exchange Commission (SEC) filed a civil action against Mikhail Vasilievich Shustek and his consulting firm Vestin Mortgage LLC, claiming, among other things, that he was involved in transactions on behalf of himself and The Parking REIT through Vestin Realty Mortgage I and Vestin Realty Mortgage II, companies of which Mr Shustek is CEO and substantial owner … (Case 2-21-civ-01416-JCM-BNW, United States District Court, District Nevada). The Securities and Exchange Commission is demanding an exemption, injunctions and bans on Mr. Shustek, as well as related fines. Mr. Shustek intends to vigorously defend the claim.

About Vestin Realty Mortgage I, Inc.

Vestin Realty Mortgage I, Inc., formerly called Vestin Fund I, LLC, invests in loans secured by real estate through trusts or mortgages and, as defined in our management agreement, as mortgage assets. In addition, we invest, acquire, manage or sell real estate, as well as acquire companies involved in the ownership or management of real estate. We started work in June 2001… Vestin Realty Mortgage I, Inc. traded on pink OTC sheets under the symbol ‘VRTA’ and is headquartered in Las vegas, nevada… For more information on Vestin Realty Mortgage I, please visit www.vestinrealtymortgage1.com

About Vestin Realty Mortgage II, Inc.

Vestin Realty Mortgage II, Inc., formerly Vestin Fund II, LLC, invests in loans secured by real estate through trusts or mortgages and, as defined in our management agreement, as mortgage assets. In addition, we invest, acquire, manage or sell real estate, as well as acquire companies involved in the ownership or management of real estate. We started work in June 2001… Vestin Realty Mortgage II, Inc. traded on pink OTC sheets under the symbol “VRTB”, headquartered in Las vegas, nevada… For more information on Vestin Realty Mortgage II, please visit www.vestinrealtymortgage2.com

Contacts


Julie Leber

Damon Elder

Focus on marketing communications

Focus on marketing communications

949.427.1391

949.427.1377

[email protected]

[email protected]

SOURCE Vestin Realty Mortgage I, Inc. and Vestin Realty Mortgage II, Inc.



Source link