Blazefly, Inc. & Jamie Crager Ordered to Stop Offering and Selling Unregistered Securities, Pay $186,968 in Restitution; Iowans Encouraged to Report Fraud
"Many scams we see revolve around unregistered individuals or products. Iowans can help protect themselves from these scammers by always double-checking with the Iowa Insurance Division before investing to make sure both the seller and the product are properly registered," Iowa Insurance Commissioner
Crager and Blazefly were found to have offered unregistered securities to at least 29 Iowa investors and sold unregistered securities to at least nine
* Restitution totaling
*
* A fine of
Today's order bars Crager, Blazefly and any of their agents or representatives from applying for registration in
Iowans can find more information about how to protect themselves from scams at iowafraudfighters.gov. Iowans that want to report a scam can do so by contacting the Iowa Insurance Division at https://iid.iowa.gov or 877-955-1212.
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