by Matthew Holloway | Dec 19, 2025 | Economy, News
By Matthew Holloway |
The Arizona Corporation Commission (ACC) and the North American Securities Administrators Association (NASAA) are cautioning investors to remain vigilant this Christmas season amid an increase in sophisticated fraud schemes.
Drawing on data from NASAA’s 2025 Enforcement Report and its annual survey of investor threats, the ACC identified a dozen types of scams that state securities regulators say investors should watch for as fraudsters employ new technology, including artificial intelligence (AI), to target victims.
According to NASAA’s report, state securities regulators conducted more than 8,800 active investigations in 2024, resulting in fines and restitution totaling over $259 million. The report found that while scammers increasingly use technological tools to make schemes appear legitimate, the underlying goal remains to separate victims from their money.
“The rapid growth of technology and the rise of artificial intelligence gives scam artists new tools to steal your money,” said NASAA President Marni Rock Gibson.
ACC Chair Kevin Thompson echoed Gibson, emphasizing the role of advancing technology in enabling fraud, saying in the release that AI and other tools give “scam artists new tools to steal your money,” and that many fraudulent investment pitches play on investors’ fears rather than genuine innovation.
“Fraudsters are pitching new investments that often have nothing to do with latest tech developments and instead play on the fear of missing out on the next ‘best thing,’” he explained.
The 12 investor threats outlined by the Commission’s Securities Division include:
- Affinity or “Pig Butchering” schemes — long-term romance-based cons that build trust before prompting victims to invest in bogus platforms.
- Deepfake impersonations — use of AI-generated video and voice clones of celebrities or contacts to solicit funds.
- Phantom AI trading bots — fraudulent algorithms marketed as guaranteed return systems.
- Digital asset and crypto fraud — scams involving unregistered securities and exaggerated return promises.
- Fake AI equity pitches — sales of equity in fictitious AI companies or “pump and dump” schemes.
- Social media lures — investment scams originating on platforms such as Facebook or X.
- Short-form video hype — slick social media clips touting “get rich quick” opportunities.
- Text and WhatsApp traps — unsolicited messages that pivot into fraudulent investment offers.
- Targeting older investors — senior citizens are disproportionately targeted with both traditional and digital scams.
- Account takeovers — phishing and AI-assisted hacks that seize control of accounts to solicit funds from contacts.
- Website and app spoofing — cloned sites designed to harvest login credentials and funds.
- Unregistered solicitors — individuals selling investments without proper licensing; regulators opened 944 investigations in 2024 involving unregistered sellers.
The ACC’s Securities Division encourages investors to exercise skepticism, conduct independent due diligence, and contact a trusted third party before committing funds to any investment, the commission said, quipping they should review the list of threats and “check it twice to avoid ending up with a stocking full of coal.”
Investors looking to check the license status or disciplinary history of an investment promoter can contact the Securities Division’s Duty Officer at 602-542-0662 or SecuritiesDiv@azcc.gov, or visit azcc.gov/azinvestor for more information.
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
by Jonathan Eberle | Dec 19, 2025 | Economy, News
By Jonathan Eberle |
The Arizona Corporation Commission (ACC) is preparing to roll out a new online business filing system, Arizona Business Connect, which is scheduled to go live on January 12, 2026. The new platform will replace the Commission’s current eCorp system and is intended to modernize how businesses file and access corporate records in the state.
According to the ACC, Arizona Business Connect will offer updated technology, improved security features, and enhanced functionality designed to streamline the filing process and improve the overall customer experience for corporations and other business entities.
To complete the transition, the Commission will temporarily shut down the existing eCorp portal to transfer and verify a large volume of data before launching the new system. As a result, online filing and business searches through eCorp will be unavailable beginning at 5:00 p.m. Mountain Standard Time on Friday, January 2, 2026.
During this transition period, corporations will not be able to file documents or search business records online. However, the Commission says customers will still be able to submit filings using paper forms. Paper filings may be delivered in person at ACC offices in downtown Phoenix or Tucson or sent by mail or fax.
All paper documents received after the eCorp shutdown on January 2 will be assigned an effective date based on when they are received by the Commission. Those documents will not be entered into the new Arizona Business Connect system until January 12 or shortly after the portal becomes operational.
Jonathan Eberle is a reporter for AZ Free News. You can send him news tips using this link.
by Staff Reporter | Dec 18, 2025 | News
By Staff Reporter |
After this week, Arizona PBS will have one less program broadcasting the western news.
Arizona State University (ASU) declined to renew its contract with NewsHour West, a bureau in downtown Phoenix under the member station operated by ASU’s Walter Cronkite School of Journalism and Mass Communication, Arizona PBS (KAET).
NewsHour West provided western regional news, late breaking news, and a West Coast version of the news provided by the East Coast-based NewsHour.
NewsHour Productions sent out an email to PBS News supporters advising that ASU based their decision on “revised priorities,” according to Current.
Arizona PBS will continue its other programs, such as “Arizona Horizon” and “Horizonte.”
Arizona PBS programming under its call sign KAET — meaning “Arizona Educational Television” — dates back nearly 65 years to January 1961.
NewsHour West will have its final airing on Friday. The bureau launched in 2019.
The NewsHour West team consisted of Stephanie Sy, anchor and correspondent; Phil Maravilla, senior producer; Lena Jackson, deputy senior producer; Madison Staten, associate producer; and Justin Stabley, digital editor.
Back in April, Arizona PBS expanded in a different direction. The broadcasting station entered an agreement with Amazon Prime to offer free streaming to Arizona-based viewers.
The Corporation for Public Broadcasting (CPB), the private, nonprofit corporation which passes on federal funds to both PBS and NPR, announced in August that it would shut down after Congress reduced public broadcasting funds.
CPB lost around $1 billion in funding meant to fund broadcasting over the next two years.
A majority of CPB staff were laid off at September’s end; CPB said it planned to retain a skeleton crew until January, at least, to see through its remaining legal and financial obligations.
As it winds down, CPB has continued to administer its remaining millions as awards to various public broadcasting outlets and news organizations.
CPB’s demise occurred following its repeated resistance to efforts by President Donald Trump to bring the nonprofit to heel.
The Trump administration attempted to fire three CPB board members, prompting CPB to sue in April. That case is ongoing.
Then CPB refused Trump’s executive order, released in May, ordering CPB to cease federal funding for NPR and PBS. Longtime CPB President and CEO Patricia Harrison said Trump lacked authority over CPB, and that CPB was “wholly independent” of the federal government.
About 15 percent of the PBS budget relied on federal funding. The remainder comes from private donors, corporate sponsors, and nonprofits.
The NewsHour corporate sponsors are BNSF, Consumer Cellular, and Raymond James. Among the top foundation and individual funders are the Carnegie Corporation of New York, Doris Duke Foundation, Ford Foundation, Charles F. Kettering Foundation, Heising-Simons Foundation, William and Flora Hewlett Foundation, Robert Wood Johnson Foundation, John S. and James L. Knight Foundation, Judy and Peter Blum Kovler Foundation, Lumina Foundation for Education, John D. and Catherine T. MacArthur Foundation, The Andrew W. Mellon Foundation, Gordon and Betty Moore Foundation, David and Lucile Packard Foundation, Park Foundation, Laurie M. Tisch Illumination Fund, and The Walton Family Foundation.
AZ Free News is your #1 source for Arizona news and politics. You can send us news tips using this link.
by Ethan Faverino | Dec 18, 2025 | News
By Ethan Faverino |
U.S. Representative Abe Hamadeh (R-AZ-08) has sent a sharply worded letter to the Acting Chairwoman of the Commodity Futures Trading Commission (CFTC), Caroline D. Pham, seeking answers and potential regulatory action regarding the newly announced partnership between prediction-market platform Kalshi and CNN.
In the letter, Congressman Hamadeh warns that the collaboration “poses direct and foreseeable threats to market integrity, democratic stability, and American national security,” arguing that it creates an unprecedented structural conflict of interest by allowing a major news organization to both report on and financially benefit from high-stakes geopolitical events.
“CNN would be uniquely positioned to shape public perception and news cycles around the very events Kalshi lists as tradable markets,” said Congressman Hamadeh. “These events would involve elections, war, foreign policy crises, and domestic instability. No other major media outlet has attempted such a partnership, and for good reason: it creates a built-in structural conflict of interest that allows an influential news organization or foreign adversaries to shape outcomes for financial or competitive advantage.”
The congressman highlighted Kalshi’s existing controversial markets, including contracts that reportedly allowed trading on whether Palestinians in Gaza would suffer mass starvation or when Israel might conduct military actions in Gaza or the West Bank—markets he described as “chilling.”
Specifically, the congressman posed four questions to the CFTC:
- What actions is the Commission taking to review the CNN-Kalshi partnership under Section 5c(c)(5)(C), with respect to informational conflicts of interest and event manipulation?
- Is the CFTC assessing whether the partnership creates vulnerabilities for foreign or domestic actors to influence U.S. politics, economics, or national security for financial profit?
- Has the Commission evaluated whether CNN’s editorial influence, combined with Kalshi’s event contracts, renders these markets “contrary to the public interest?”
- What steps will the CFTC require to ensure robust compliance controls, including editorial firewalls, conflict-of-interest disclosures, and foreign-influence screening?
Hamadeh gave Acting Chairwoman Pham 30 days to provide a detailed written response outlining the Commission’s assessment and planned actions.
“My constituents have raised alarm bells about a media company with a long-documented record of partisan manipulation now positioning itself to influence and profit from geopolitical events in real time,” stated Hamadeh. “This partnership is not merely inappropriate; it is outright dangerous.”
He concluded, “The CFTC’s mission is to safeguard the integrity of U.S. markets, and allowing CNN, a network already viewed by many Americans as a propagandistic actor, to operate inside a live prediction market creates unacceptable national-security and governance vulnerabilities.”
Ethan Faverino is a reporter for AZ Free News. You can send him news tips using this link.
by Jonathan Eberle | Dec 18, 2025 | News
By Jonathan Eberle |
Arizona state Rep. Nick Kupper (R-LD25) has introduced legislation that would allow higher speed limits on certain rural interstate highways, citing roadway design, safety data, and differences between urban and rural driving conditions.
House Bill 2059, known as the Reasonable and Prudent Interstate Driving (RAPID) Act, would give the Arizona Department of Transportation authority to designate limited stretches of rural interstates as “derestricted” speed zones for non-commercial vehicles during daylight hours. The proposal maintains an 80-mile-per-hour maximum speed limit at night and preserves existing laws addressing unsafe or reckless driving.
Under the bill, ADOT would determine which highway segments qualify based on engineering studies, roadway design standards, and historical safety records. The legislation also increases civil penalties for drivers who misuse the derestricted zones, including those who engage in aggressive or dangerous driving behavior.
The measure requires annual safety audits of any approved segments and directs ADOT to coordinate enforcement efforts with the Arizona Department of Public Safety. In addition, the bill calls for a public education campaign to ensure drivers understand expectations in derestricted zones, including proper lane use and passing rules.
The proposal would begin with a one-year pilot program on a segment of Interstate 8. Any continuation or expansion would depend on safety outcomes and compliance with the bill’s requirements.
“Most drivers can tell the difference between a crowded city freeway and a wide-open stretch of rural interstate,” Kupper said in a statement. “The RAPID Act accounts for that difference. It will let us raise speeds where it’s safe, keep tough penalties for reckless driving, and update our laws to reflect how people actually use these roads.”
Kupper pointed to Montana’s former “reasonable and prudent” daytime speed standard as a precedent. According to a review by Montana’s Legislative Audit Division, average speeds increased after posted daytime limits were removed, but crash and fatality rates per vehicle mile traveled continued to decline and remained comparable to neighboring states. The audit concluded that factors such as seatbelt use and driver behavior had a greater effect on safety outcomes than posted speed limits alone.
“Montana showed that you can modernize speed laws without sacrificing safety,” Kupper said. “When rules are clear and focused on driver behavior, states can let safe highways operate as they were designed to operate.”
Jonathan Eberle is a reporter for AZ Free News. You can send him news tips using this link.
by Staff Reporter | Dec 17, 2025 | News
By Staff Reporter |
Wealthy leftists outside the state are paying big money to deepen the blue in Arizona.
An investigative report by the Arizona Free Enterprise Club (AFEC) and AZ Liberty Network (AZLN) documented the way national organizations are funding to strengthen Democratic politics in Arizona: Donor Advised Funds, dark-money intermediaries, and teachers’ unions.
AFEC and AZLN found the flow of funds totaled over $1 billion, at least.
Per the report, these tax-advantaged funds don’t arrive in Arizona directly. The millions change hands between different organizations before coming into the state, sometimes multiple times, effectively turning the money dark.
“Money enters the system tax-free, travels invisibly, and reemerges as ‘local’ influence with national fingerprints erased,” reads the report. “The result is a tax-advantaged, publicly underwritten, and union-fueled political machine that dwarfs traditional party structures, and it has reshaped Arizona’s civic landscape. It is not organic, spontaneous, or homegrown—it is manufactured, calculated, and imported, creating an institutionalized system of progressive infrastructure.”
The money flow begins with what the report calls “Upstream Sources.” Two cost-saving vehicles make the funding flows a reality: tax-advantaged Donor Advised Funds (DAFs) and direct taxpayer subsidization available through federal grantmaking. The former includes funds like Fidelity Charitable, Silicon Valley Community Foundation, and Rockefeller Advisors. The latter vehicle largely operates through USAID. This agency gave the Tides Center $25 million to combat “misinformation.”
In 2024, the report found the Upstream Sources spent over $33 million in Arizona in non-federal races — a key year for determining which party would control the state legislature.
Altogether, Upstream Sources sent over $1 billion to organizations that acted as intermediaries — “Intermediary Organizations” — such as Sunflower Services (until recently, Arabella Advisors), Tides Nexus, and networks backed by billionaires George Soros or Hansjörg Wyss. Soros and Wyss also act as Upstream Sources.
From there, these funds finally make their way into Arizona. Top recipients that received millions include One Arizona, LUCHA, ACE, Chispa, Arizona Mirror, and the Copper Courier: the “Arizona Groups,” per the report.
The report alleged that the last two nonprofits listed, Arizona Mirror and Copper Courier, are news sites run by “Democratic operatives.”
Arizona Groups spent over $7 million to support down-ticket legislative Democrats, and nearly $5 million against the Republicans.
Further on the report mapped out how teachers’ unions fund local political action committees to influence Arizona races.
“These taxpayer-funded transfers, ostensibly for professional development or services, ultimately help free funds to support the same partisan infrastructure advancing the Left’s political objectives across Arizona,” stated the report.
Additionally, the report noted that the Arizona Education Association shares its headquarters building with other progressive organizations, such as One Arizona.
AFEC’s press release on the report interpreted the flow of funds as national influencing of local issues.
“This isn’t activism, it’s a professional, tax-advantaged political operation designed to look local but controlled from afar,” stated AFEC. “Arizona isn’t changing — it’s being engineered. Conservatives need a clear roadmap, strong counter-infrastructure, and strategic engagement to protect the state’s future and preserve local control.”
AFEC President Scot Mussi told “Winn Tucson” that the report was inspired by the USAID scandal around the time of President Donald Trump’s inauguration. That prompted curiosity about the origins of funding for Arizona’s major progressive political organizations.
AZ Free News is your #1 source for Arizona news and politics. You can send us news tips using this link.
