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United States Securities and Exchange Commission, v.  Jonathan Larmore, et al.,
No. CV-23-02470-PHX-DLR


General Information

On December 21, 2023, the U.S. District Court for the District of Arizona issued an order appointing Allen D. Applbaum, a Partner at StoneTurn, as the Receiver of ArciTerra Companies, LLC and its related affiliates (“ArciTerra”), in connection with an alleged $35 million misappropriation of funds by Phoenix-Area Real Estate Fund Adviser Jonathan Larmore and affiliates. The SEC’s complaint, filed on November 28, 2023, alleges, among other things, that since at least January 2017, Larmore and certain charged entities misappropriated more than $35 million from private real estate funds and other investment vehicles that ArciTerra managed.

Inquiries as to the status of the Receivership should be made through this website, as it will be the Receiver’s primary form of communication to the various investors and creditors of the Receivership Entities, other interested persons, and the general public.

If you have questions, please review the Frequently Asked Questions that are available here.

If you have any other questions that are not addressed on this website, information about contacting the Receiver is available here.


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