SEC
Whistleblower
Advocates

May 09, 2017

Matthew E. White, Rodney A. Zehner, Daniel J. Merandi, White Investment Groups and Equities, LLC, The Grand Empire Palace and Resort, LLC, GEPR Investments Trust No. 1, GEPR Investments, LLC, M&M Financial LLC, Mountaineer Development & Construction Group

Offering Fraud

SANCTION AMOUNT: Approximately $6.45 million

Defendants: White Investment Groups and Equities, LLC, The Grand Empire Palace and Resort, LLC, GEPR Investments Trust No. 1, GEPR Investments, LLC, M&M Financial LLC, Mountaineer Development & Construction Group, LLC
Matthew E. White, Rodney A. Zehner, Daniel J. Merandi

Individual defendants were charged with fraudulently issuing $1 billion in unsecured corporate bonds out of a shell company, claiming the money would be used to fund construction of a resort complex in Georgia called the Grand Empire Palace and Resort. The bond offering was insufficient to start the project, but in the meantime the individual defendants allegedly pocketed the $5.6 million they did raise. The other defendants were affiliated corporate entities allegedly used to further the scheme.

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