Phoenix Energy One, LLC
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Misleading ads for 9% APY offerings
YouTube ads advertise a 9% annual return with a minimum investment of only $5000, but on the website it suddenly says: "We apologize but we are currently in the process of an update to the offering statement for the 9% Regulation A bond offering. This is a standard process required of all Regulation A issuers with offerings which continue for more than twelve months. During this period, we can provide information about the offering, but we may not accept subscriptions until after. You can indicate your interest in investing, and we will be happy to follow up once complete." Currently all offerings require at least a 100k investment. I think it's misleading to leave these ads running while the service isn't available.