Mohave Today

The proposal to develop a prime 12-acre parcel of land in downtown Gilbert is getting messy.

The development is currently under delay until Dec. 15 after being challenged by Gilbert resident Doralise Machado-Lidde.

LGE is undertaking the project and reportedly is anticipated to own and operate seven nightclubs in the complex. LGE is owned by Dave Sellers who is connected to development giant Creation Equity. 

Creation Equity is operated by Bob Agahi who reportedly has ties to organized crime.

The firm recently sold an industrial park for $44 million.

Agahi is a known partner of Jeff Supinsky — who in 2000 was wanted for questioning by federal authorities and had been reported as missing.

A website has been created to out the partnership.  

Supinsky’s former partner, penny-stock promoter David Lee Stetson admitted to publicly being involved with those in the criminal underworld.

“I came close to some very bad people,” Stetson told Bloomberg.

Supinsky was eventually questioned by the FBI on Philip Abramo who is thought to be a high ranking member of the DeCavalcante organized crime family.

Agahi’s Creation Equity is a parent of Bottled Blonde which is run by EEG. Les Corieri runs EEG.

While Agahi and Corieri do not acknowledge a public relationship the two have been spotted together out and about.

A FINRA report states that Bob Agahi’s Valley East partner had the State of Illinois bring an action against them for “ENGAGING IN A TRADING SCHEME DESIGNED TO DEFRAUD HIS EMPLOYER.”

The NASD awarded claimants who alleged “SUITABILITY; OMISSION OF FACTS; DEFRAUD; BREACH OF FIDUCIARY DUTIES; MISREPRESENTATION.” 

The company was also subject to another judgement for  negligence and breach of contract.

Agahi and Supinsky are founders and partners in “Valley East,” according to Long Island Business News.

A Real Estate Daily article states that, “Agahi is also a partner in Scottsdale-based Triyar Companies.” 



Cases filed the Superior Court of Arizona indicated Yari and Stockdale Capital Partners took legal action against Agahi in more than one instance. In 2018 part of this case involved Triyar and Equity Partners Group.