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Buckeye Man Must Pay Restitution For “Fix-And-Flip” Real Estate Scheme

Summary by Arizona Daily Independent
A Buckeye man, Michael Alexander Candelario, and his affiliated companies has been ordered by the Arizona Corporation Commission to pay a total of $199,110 in restitution and $55,000 in administrative penalties in connection with a “fix-and-flip” real estate scheme. The Commission found that, while not licensed to offer and sell investments in Arizona, Candelario and...

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Arizona Daily Independent broke the news in on Monday, May 12, 2025.
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