From the Beechlist. Best, Dave Looks like they sold over $10,000,000 in investments with planes as collateral. Advertised in TAP. This won't be pretty. =========================================== http://images.edocket.azcc.gov/docketpdf/0000107510.pdf Jan 5, 2010. Barron Thomas Aviation is being called before the Arizona Corporation Commission Securities Division to answer the charge of selling unregistered securities: "An Arizona investor purchased a $50,000 12% Investment from BT and 3TA on or about March 14, 2005. On April 22, 2005, BT and BTA used the Arizona investor's money to repay the prior Texas investor. BT and BTA then caused a new FAA Lien to be effected in favor of the new Arizona investor on the N8194W Airplane. However, unbeknownst to either the Texas or Arizona investor, the blue and white 48194W Airplane was at all times relevant laying in pieces in an open air storage yard in a severely deteriorated state. The N8194W Airplane is comprised of a separated, dented fuselage with faded paint, no wings, no landing gear and includes other defects."