State sanctions Playground Festival promoter
September 2nd, 2011, 2:32 pm · 22 Comments · posted by Ronald Campbell
The state Department of Corporations ordered Elevated Sound Productions, co-producer of this weekend’s Playground Festival in Irvine, to stop selling investments.
The order, dated Thursday but released mid-day Friday, also names ESP senior salesman Jake Hurtado, who was caught on tape promising a 2-to-1 return to Michigan private investigator Ken Ascher if he staked $67,000 on the Saturday-Sunday concert.
We wrote about ESP’s hard-sell tactics a couple of days ago. We also put Ascher in touch with the Department of Corporations, resulting in Friday’s action, which bars future securities sales by ESP. You can read the state order here.
Calls to ESP Friday were not returned.
Coincidentally, ESP’s website abruptly went blank Friday. The underlying code also disappeared from the site. However, the Playground Festival website remains active, as does a second website connected to ESP, MindControlledEvent.com.