January 05, 2018
A Utah man who was sentenced to seven years in prison after admitting to a multimillion-dollar real estate Ponzi scheme should be given a nearly $16.6 million disgorgement order but no civil penalty in settling his related civil case, the U.S. Securities and Exchange Commission told a Salt Lake City federal judge on Thursday.
May 04, 2017
The receiver for an investment vehicle at the center of an alleged $28 million real estate Ponzi scheme in Utah on Thursday withdrew a call for sanctions filed in Utah federal court against the former lawyer of the man accused of running the scam.
April 11, 2017
An attorney at Utah law firm Fillmore Spencer who had been representing a man accused of running a $28 million real estate Ponzi scheme is now accused of helping his former client destroy evidence, according to a sanctions motion filed in Utah federal court Monday that describes a strange series of events.
May 05, 2016
Federal prosecutors on Thursday said a Utah man will face charges of running a $28 million Ponzi scheme using a business he controlled that preyed on about 250 investors through sham real estate investment deals.