PHOENIX — An Arizona resident and his Wyoming-based limited liability company have been ordered by the Arizona Corporation Commission to pay $10,000 for fraudulent advertisements on Craigslist.
The ACC said Friday that Dean Douglas Odle and the company he controls, Milan Capital, “violated the Arizona Securities Act by offering to sell securities within or from Arizona while not registered as dealers or salesmen.”
The fraudulent activity allegedly began in September 2025, as Odle posted ads on Craigslist with the question, “Do you want better investment returns to improve your finances?” according to the ACC. The ads targeted those seeking “surplus funds” after property is purchased at foreclosure auctions, which are created when “the purchase price (of the property) exceeds the amount owed to the mortgage lender.”
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