A Gilbert couple stands accused of continued violations of Arizona’s securities laws by the Arizona Corporation Commission.
The Commission alerted investors on Monday, about the alleged violations by the owners of a meat distribution company called Agridime, owned by Joshua Link and his spouse, Tia Link, as well as co-owner, Jed Wood, of Texas.
The company has a storefront in Gilbert.
According to the Corporation Commission, despite a temporary cease and desist order issued in April of 2023, Agridime, Wood, Joshua Link and Tia have allegedly continued to sell more than a million dollars in unlawful cattle investment/commodity investment contracts to Arizona investors.
As a result of Agridime and its owners ignoring the Commission’s order, the Commission has filed a civil complaint for contempt in Maricopa County Superior Court.
In its seven-count complaint, the Commission is also seeking an injunction to restrain the defendants and their associates from continuing to sell the investments within or from Arizona, along with civil penalties and restitution for investors. The Commission is accusing the Agridime defendants of issuing false statements and omitting material information, including the failure to tell investors that their investment dollars would be used to pay earlier investors.
The Commission says although it’s allegations against the Agridime defendants have not been proven in a court of law, “investors should be aware that many investments that appear to be a business opportunity may require state or federal securities registration and certain disclosures to investors.”