Business ProfileforFusion Hotel Management LLC
Current Alerts For This Business
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the governments allegations, which have not yet been proven.
On December 14, 2021, The Securities and Exchange Commission and Federal Bureau of Investigations filed a Complaint against Fusion Hotel Management LLC and Denny Bhakta. Charges filed allege the business and Mr. Bhakta is in violation of federal law prohibiting fraud in connection with the purchase or sale of securities, fraud in the offer or sale of securities, and money laundering. Bhakta falsely told investors that Fusion routinely acquired discounted blocks of hotel rooms from Hilton, which Fusion then sold to United Airlines at a higher price for a significant profit. Instead of buying blocks of hotel rooms with investors’ funds, however, Bhakta used the money for personal expenses and to make payments to other investors.
The matter is pending.
At-a-glance
Related Categories
Business Details
- Location of This Business
- 2535 Kettner Blvd Ste 2c2, San Diego, CA 92101-1269
- BBB File Opened:
- 12/15/2021
- Years in Business:
- 12
- Business Started:
- 10/11/2011
- Business Incorporated:
- 10/11/2011
- Type of Entity:
- Limited Liability Company (LLC)
- Related Businesses
- Business Management
- Mr. Kaylan Pokala, Corporate Counsel
- Mr. Denny T Bhakta, Founder
- Contact Information
Customer Contact
- Mr. Denny T Bhakta, Founder
Customer Complaints
0 Customer Complaints
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