Securities

Recent Posts

SEC: Utah Man Operated $100 Million Ponzi Scheme
Posted on 29 Jun 2012 by Jordan D. Maglich

A Utah man who conducted real estate seminars across the country was the target of an emergency proceeding initiated by the Securities and Exchange Commission that charged him with operating a $100 million Ponzi scheme with hundreds of investors. Wayne... Read More

Ten Year Prison Sentence for Man who Operated $145 Million Ponzi Scheme
Posted on 13 Jan 2012 by Jordan D. Maglich

A Utah man who masterminded one of the largest Ponzi schemes in state history was sentenced to serve ten years in federal prison. Travis L. Wright had previously pled guilty to a single count of mail fraud, which carries a maximum sentence of twenty years... Read More

Accused Utah Ponzi Schemer Held in Contempt For Hiding Assets From Receiver
Posted on 25 Jul 2012 by Jordan D. Maglich

A Utah federal judge ordered a Utah man accused of operating a $200 million Ponzi scheme to be held in contempt for his failure to turn over assets to the court-appointed receiver. Allen Jacobson, charged with his father Wendell in what Utah authorities... Read More

Utah May Get More Serious About Affinity Fraud
Posted on 2 Feb 2011 by Mark Zimbelman

Utah has had more than it's share of affinity fraud cases over the years. Authorities say that in the past year alone, more than 4,000 Utahns have lost over $1.5 billion due to fraud. In many cases, the fraudsters engage in what is known as "affinity... Read More