ATLANTA — The Georgia Secretary of State’s Office issued an emergency order against Atlanta Discount Home Deals and its owner after an “extensive investigation” into a series of financial crimes.
Atlanta Discount Home Deals, also operating as ADHD, and its owner Mark Jackson were investigated under the orders of Sec. of State Brad Raffensperger.
The company and owner were accused of offering unregistered securities, operating or taking part in fraudulent investment schemes and misappropriating investor funds.
Raffensperger’s office said the investigation into Jackson and his business revealed they’d engaged in unauthorized securities sales through $4 million of promissory notes from 2018 to 2024.
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The promissory notes “were purportedly secured by real estate properties in Georgia, Maryland, Florida, and Puerto Rico,” but investigators found that they were either not owned by ADHD or did not exist as represented.
“This order underscores our commitment to protecting Georgia’s investors from fraudulent get-rich-quick schemes,” Raffensperger said. “Fraud has no place in Georgia, and we use every available resource to keep it that way.”
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The investigation by the Sec. of State’s Office focused on allegations about property ownership and secured assets, as well as issuance of unregistered securities to investors without proper filings, plus fraudulent claims related to purchases of property and renovations that never happened.
State officials also said that there was “significant mismanagement and potential misappropriation of funds,” leading to Jackson and ADHD being ordered to pay a $500,000 penalty and reimburse Georgia taxpayers for investigative costs.
The order also bans Jackson and ADHD from registering as securities dealers in Georgia and stipulates that neither party may operate in Georgia or violate the Georgia Securities Act in the future.
Raffenserpger’s office said the order was effective immediately, adding that Jackson was also subject to ongoing investigation as his current whereabouts are unknown.
Anyone with information about ADHD and Jackson, or how have been affected by their actions, are urged to come forward.
To report potential violations, call the Securities Division at 470-312-2640 or email the Secretary of State here.
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