Latest News

On February 19, the Receiver filed a complaint in the Superior Court of Washington for Clark County against AEI, AEMM, Ross and Beverly Miles, and Maureen and Robert Wile for breach of contract, breach of fiduciary duty, and aiding and abetting breach of fiduciary duty. The complaint is posted in the new Adjunct Litigation section on the Documents tab 

The Receiver is proposing to sell the real property and improvements commonly known as S Ponderosa Road, Golden Valley, AZ 86413 for a cash purchase price of $3,200.  The notice of the proposed sale is available under the Pending Sales tab of the Real Estate Page.

The Receiver is proposing to sell the real property and improvements commonly known as 11536 W Riggs Road, Parcel 1, Buckeye, AZ 85338 for a cash purchase price of $27,500.  The notice of the proposed sale is available under the Pending Sales tab of the Real Estate Page.

Several investors have requested a letter related to investment valuation that they can share with their tax advisors and preparers. This letter, which can also be found in the documents section, addresses that request.

AEM Investors will not receive 1099s related to payments received in January, February or March of 2019. These payments have been reclassified as return of principal.