Mesa resident Michael Saquella is a former actor, stunt man, writer, director, producer – and also a fraudster, according to the Arizona Corporation Commission.
The state regulatory agency has ordered Saquella and his affiliated companies — Best Image I, LLC, and Cactus Blue Entertainment, LLC — to pay $915,005 in restitution and a $100,000 administrative penalty for defrauding investors with a movie-making venture.
Saquella and the two companies under his control also were ordered to permanently cease and desist from violating the state Securities Act. The order was approved Nov. 6…