Editing Michael Reagan (section)

==Legal problems==
In 1981, Reagan was accused of felony violations of California securities laws in court documents. The [[Los Angeles County District Attorney]] alleged that Reagan had baited investors into unlawful stock arrangements, and selling stocks despite the fact that he was not legally permitted to do so.<ref name=NYT01111981/> The D.A.'s office investigated allegations that Reagan improperly spent money invested by others in a company, Agricultural Energy Resources, he operated out of his house in a venture to develop the potential of gasohol, a combination of alcohol and gasoline. Investigators said they were also checking whether he had spent up to $17,500 of investors' money for his living expenses.<ref name=NYT01111981>{{cite news|first=Robert|last=Lindsey|url=https://www.nytimes.com/1981/02/11/world/reagan-s-elder-son-being-investigated.html|title=Reagan's Elder Son Being Investigated|work=[[The New York Times]]|date=February 11, 1981|access-date=November 10, 2014}}</ref> The district attorney's office cleared Reagan of both charges later that year.<ref name=NYT11212014>{{cite news|first=Robert|last=Lindsey|url=https://www.nytimes.com/1981/11/21/us/michael-reagan-cleared-of-stock-fraud-charge.html|title=Michael Reagan Cleared of Stock Fraud Charge|newspaper=[[The New York Times]]|location=New York City|date=November 21, 1981|access-date=December 14, 2014}}</ref>

On September 20, 2012, Reagan, Tim Kelly and Jay Hoffman were sued by a fellow partner, for allegedly withholding the partner's interest in an e-mail business built around the Reagan.com [[domain name]].<ref name=CNS09202012>{{cite news|first=Matt|last=Reynolds|url=https://www.courthousenews.com/ousted-by-reagans-son-entrepreneur-says/ |title=Ousted by Reagan's Son, Entrepreneur Says|work=[[Courthouse News Service]]|date=September 20, 2012|access-date=January 15, 2013}}</ref><ref name="MNLA11052014">{{cite news|first=John|last=Schreiber|url=http://mynewsla.com/crime/2014/11/05/lawsuit-alleges-ronald-reagans-adopted-son-cheated-businessman-4-million|title=Lawsuit alleges Ronald Reagan's adopted son cheated businessman out of $4&nbsp;million|work=MyNewsLA|date=November 5, 2014|access-date=November 30, 2014}}</ref><ref name="MNLA01152015">{{cite news|first=John|last=Schreiber|url=http://mynewsla.com/crime/2015/01/13/ronald-reagans-son-allegedly-cheated-businessman-4-million|title=Ronald Reagan's son allegedly cheated businessman out of $4&nbsp;million|work=MyNewsLA|date=January 15, 2015|access-date=February 29, 2016}}</ref> In 2015, a Los Angeles Superior Court jury found Reagan liable for [[Conversion (law)|conversion]] and [[breach of fiduciary duty]]. Reagan and his business partners were ordered to pay $662,500 each in damages.<ref name="MNLA012815">{{cite news|first=John|last=Schreiber|url=https://mynewsla.com/business/2015/01/28/ronald-reagans-son-partners-pay-600k-settle-business-dispute/|title=Ronald Reagan's son, partners to pay $600K to settle business dispute|work=MyNewsLA|date=January 28, 2015|access-date=September 14, 2017}}</ref>