The Arizona Corporation Commission issued the following press release on August 11, 2011:

” the Commission ordered Joseph Consenza of Phoenix to pay $205,000 in restitution and a $20,000 administrative penalty for defrauding seven investors in connection with the offer and sale of unregistered securities.  The Commission found that, while not registered to offer and sell securities in Arizona, Consenza, who was the sole manager of Scottsdale-based U.S. Media Team, LLC, sold a promissory note to one investor and misused those funds to pay for personal expenses and to make payments to other individuals.  Additionally, the Commission found that, while president and chief executive officer of Nevada-based Cell Wireless, Inc., Consenza offered and sold his company’s stock to six investors—five of whom were friends and family of Consenza’s initial investor—and represented that investor money would fund the operations and acquisitions of Cell Wireless, Inc. Further, the Commission found that, while promising sizable monetary returns, Consenza represented the risk level of the stock investment as low yet failed to inform investors that U.S. Media Team, LLC had defaulted on a prior merger agreement with Cell Wireless, Inc.  In settling this matter, Consenza neither admitted nor denied the Commission findings, but agreed to the entry of the consent order. “