SISTERS, OR -- A Sisters woman has been fined $140,000 by the state for violating securities law and duping 12 people out of $700,000. The Oregon Department of Consumer and Business Services also issued a cease and desist order against Rebecca Castle.
Jake Sunderland, with the Department, tells KBND Castle targeted close friends to invest in companies, promising big returns. "Basically, she was convincing investors, typically friends or other people close to her, to put money into a variety of businesses, including feature film projects, exercise equipment, suntan lotion businesses." Sunderland says the businesses either did not exist or were financially unsuccessful. "The money was just going to fund her lifestyle. She was spending investor money on personal expenses, international travel, jewelry, spa treatment, plastic surgery, used the money to purchase things for her two kids and their significant others. And, she even used the investor funds to pay the other investors."
"She went by Rebecca Castle and she was also known as Rebecca Goins. She had a number of businesses that she was soliciting investments in, including Blue Castle Films, LLC. There was also One For All, LLC; RebL, LLC; Castle Rock Ventures, which was a Nevada corporation. Basically what she was doing was, she was soliciting investment into these businesses, taking the investment money and using it to fund her lifestyle and to pay other investors," Sunderland says. And, there could be more victims. "Give the Division of Finance and Corporate Securities a call as soon as possible. Our number is 866-814-9710. If you've invested any money with Ms. Castle or have any information about her, we'd really like to hear from you."
Sunderland says, "This final order, by default, is the final order for the Division until she is taken into custody and she has the chance to go to trial." Castle was indicted in Deschutes County last year, on charges of theft by deception and first-degree aggravated theft.
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