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BISMARCK - Insurance Commissioner Jon Godfread announced Friday, Sept. 25, his office has issued a stop order to Shayan Mashatian and his companies, Silverberry Group, LLC and WoundScribe AI Corp.
The companies were soliciting investments without properly registering their company in accordance with North Dakota Century Code, according to Godfread. The North Dakota Insurance & Securities Department issued the order to protect investors.
Silverberry Group is a medical AI technology company that was registered in Grand Forks in 2022. Silverberry Group was converted to WoundScribe Al, a Delaware corporation, in 2025. The company has the right to request a hearing before the commissioner within 15 days of receiving the order.
"Before making any investment, ask questions and make sure you fully understand the investment and the individuals or entities offering it," Godfread said. "Taking these steps can help you make informed decisions and identify potential warning signs of fraud."