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Court orders Utah man convicted in Ponzi scheme to pay $10M

Court orders Utah man convicted in Ponzi scheme to pay $10M

By /July 16, 2019 /Local News

SALT LAKE CITY (AP) — The Utah Court of Appeals has affirmed an order for a Utah businessman convicted of running a Ponzi scheme to pay more than $10 million in restitution. The Deseret News reported Monday that the court rejected arguments last week by Dee Allen Randall’s attorneys that he owed […]

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Attorney Barton Goplerud speaks in Farmington on Tuesday, Jan. 8, 2019 during a press conference regarding a Ponzi scheme involving millions of lost dollars in investments with Rust Rare Coins.

20 sue bank after losing money in alleged Ponzi scheme

By /January 9, 2019 /Local News

FARMINGTON, Utah (AP) — Twenty investors who lost money in a Utah coin dealer’s alleged silver Ponzi scheme have sued Zions Bank. The investors are involved in a federal class-action lawsuit filed Tuesday, claiming the bank “aided and abetted” and “perpetuated” an alleged Ponzi scheme involving Rust Rare Coin Inc. […]

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