UPDATE on the Fraud Case Against Roger Bliss of Bountiful, Utah

attorney-general-seal

I previously wrote about the numerous red flags that were raised by the investment pitch given by Roger Bliss in Bountiful, Utah. That post has generated a significant number of comments and interest, so I thought an update would be appropriate. This was a fairly unusual case involving  cooperation between multiple state and …

Continue Reading



The Shocking Story of A Small Town Fraud

Nephi

I typically write about lawsuits filed by the SEC, but this time I wanted to write about a civil case that was filed by a number of the victims of a Nephi man named Thomas E. Andrews.  The information in this story comes primarily from allegations that were made in …

Continue Reading


The Steven B. Heinz Ponzi Scheme

HEINZ-STEVEN-BRUCE

Today I realized that I never posted about the case against Steven B. Heinz.  Please accept my apologies for this oversight, as this is a story that fits the purposes of this blog perfectly.  Heinz solicited his clients at his brokerage firm, Ogilvie Security Advisors Corporation, and used his membership in the Mormon …

Continue Reading


Another Utah Ponzi Scheme? The SEC’s lawsuit against Marquis Properties

sec-logo-2-200x200

Last month the Salt Lake Regional office of the US Securities and Exchange Commission filed a lawsuit and obtained an asset freeze against Marquis Properties, LLC, its CEO and President Chad R. Deucher, and the company’s Executive Vice President, Richard (“Rick”) Clatfelter.  In its complaint the SEC alleges that these men orchestrated …

Continue Reading


NPR’s Planet Money Podcast: Episode 680: Anatomy Of A Scam

Planet Money

You’ve seen these ads before: “Work from home. Make thousands of dollars a week. Call this number!” On this show, Planet Money’s team finds out what happens when you respond. It’s the story of a scam that will not die. This episode has secret documents laying out how it all …

Continue Reading


Mark Pugsley’s Recent Interview on Mormon Stories

Mormon Stories

I was recently interviewed by John Dehlin who runs the “Mormon Stories” Podcast about affinity fraud in Utah.  This episode is available in audio only through John’s podcast, or you can watch the video below. Episode 606: Mormonism and the Culture of Fraud with Attorney Mark Pugsley by John Dehlin • January …

Continue Reading


Why Were So Many Madoff Victims Jewish?

Disgraced financier Bernard Madoff (2nd L) attends his sentencing hearing in New York in this court artist's sketch completed June 29, 2009. Madoff was sentenced to 150 years in prison on Monday for perpetrating the biggest and most brazen investment fraud in Wall Street history. The courtroom erupted in cheers and applause as U.S. District Court Judge Denny Chin imposed the maximum possible prison sentence on the 71-year-old defendant.    REUTERS/Shepard  (UNITED STATES CRIME LAW BUSINESS) - RTR2563L

This is a repost of an article by Harold Pollack that appeared in the Atlantic Monthly this week.  This has lots of relevance to the issues we deal with here in Utah; insular religious communities are a real hotbed for affinity fraud.  In fact, there is a reference to Utah’s unique …

Continue Reading


Whistleblower Claims under the Dodd-Frank Act

sec-logo-2-200x200

This is an article by my colleague Jennifer Korb that appeared in this months Utah Bar Journal. Whistleblower Claims under the Dodd-Frank Act: Highlights from the SEC’s Annual Report to Congress for the 2014 Fiscal Year On November 17, 2014, the U.S. Securities and Exchange Commission (referred to herein as …

Continue Reading


SEC Warns Investors to Check the Credentials of Their Stock Broker

graduation cap diploma isolated on a white background

The SEC’s Office of Investor Education and Advocacy recently issued this Investor Alert reminding people to thoroughly check the background of thei investment professional.  The Alert cautions investors not to “trust someone with your investment money just because he or she claims to have impressive credentials or experience, or manages …

Continue Reading