The attorney at the California Department of Corporations responsible for the Desist and Refrain order that was issued by the department tells us, "Mr. Garcia has failed to timely request a hearing on the Commissioner's Order; accordingly, that Order is now final."
For the non-lawyers out there this means: Garcia missed an opportunity to try to clear his name. The California Department of Corporations ruling states, "the California Corporations Commissioner is of the opinion that the securities of Angel Strategies were offered or sold in this state by means of written or oral communications which included an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements made...." John Garcia must agree as he did not protest the finding.
We learned from talking with Hattie Bryant that a person has a right to protest the finding of the California Department of Corporations. Ms. Bryant said, "The attorney who handled our complaint against John Garcia of Angel Strategies called to tell me that it had issued a 'Desist and Refrain' due to its discovery. Mr. Garcia would have 40 days to protest and if that happened we would have to be witnesses for the Department of Corporations."
John Garcia did not request a hearing, the matter is closed and the ruling stands. To see the ruling you can go to the California Department of Corporations.
