June 21, 2019
A Utah federal court on Thursday ordered a Salt Lake City-area company that claimed to have an ecofriendly way of extracting precious metals from ore and its owner to cough up roughly $9.3 million for allegedly misleading investors about potential returns.
March 05, 2018
The U.S. Securities and Exchange Commission has alleged in a complaint unsealed Monday that a convicted felon duped investors out of at least $6 million in a Ponzi-like scheme for precious metal extraction on federal lands, echoing a criminal indictment unsealed last month.
March 05, 2018
A Salt Lake City-area company that claimed to have an eco-friendly way of extracting precious metals from ore was ordered by a Utah federal judge on Monday to stop taking any more money from investors until it has wrapped up a U.S. Securities and Exchange Commission suit alleging it's at the center of a $6 million offering fraud.