October 17, 2025
By Joyce Hanson (March 7, 2022, 4:15 PM EST) — A business claiming to sell blocks of hotel room reservations to corporate clients urged a California federal court to toss a U.S. government suit accusing it of running a Ponzi scam, saying the confusing complaint fails to give it a fair shot at responding to vague fraud claims.

Fusion Hotel Management LLC, Fusion Hospitality Corp. and their owner, Denny T. Bhakta, on Friday ripped the U.S. Securities and Exchange Commission’s suit alleging they fraudulently raised more than $15 million from about 40 investors in the elaborate Ponzi scheme so Bhakta could throw the money away at casinos or spend it on…

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