Firm Told to Stop Selling Investments
California officials have ordered a Tennessee-based horse operation to stop selling investments in its thoroughbreds, saying the principals and promoters of Triple Crown Enterprises deliberately overstated the value of mares and foals.
Millions of dollars in sales were made through an arm of the company in San Diego, where promoters offered investment packages to members of their Rancho Bernardo church, officials at the California Department of Corporations said.
Ryan Landry, Triple Crown’s co-founder and president, denied misleading investors. He declined to comment further.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
