The Arkansas Securities Department on Monday ordered Enterprise World Trust LLC of Little Rock and Ivol R. Green, its chief executive manager, to cease and desist offering securities.
Green allegedly offered prospective investors a return of $24 million on a six-month investment of $750,000. The investment was allegedly secured by a $2.5 million "Senior Life Settlement Policy Collateral and Safe Keeping Receipt."
The investment is described as the company "begins asset leveraging process to generate agreed funds of $24 million to be disbursed after asset leveraging is complete."
Enterprise World trust isn’t registered to do business in Arkansas, and the company has filed no paperwork for registration or exemption with the securities department for its investment as required by the law.
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