Another Sad Story of Affinity Fraud Within the LDS Community in Utah

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Editor’s Note: I often write about the dangers of trusting people in your LDS ward or religious community who are pitching investments, but real stories are sometimes more effective. Below is a CLASSIC example of how members of the LDS Church are targeted for fraud. This story was published in the Deseret News on Sep… Read more »

More Legal Trouble for Zane Jeppeson

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This is actually the third post I have written about a guy named Zane Jeppeson of Garland, Utah. My prior posts can be found here and here. Today’s update comes to us courtesy of The Leader out of Tremonton, Utah. Apparently Mr. Jeppeson is having a hard time getting his restitution paid and may go… Read more »

Top Ten Ways To Avoid Losing Money In A Financial Scam*

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Every week Utah residents lose money by investing with friends, family or neighbors – people they knew and trusted. Investment fraud is a big problem here in Utah, largely because our close-knit communities are a prime target for “affinity fraud.” Our state has a long history of financial scams and Ponzi schemes, many of which have… Read more »

Rust Rare Coin: An Analysis of Utah’s Latest Massive Ponzi Scheme

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Imagine waking up one day and discovering that all of your retirement savings were gone; all the money you had been working to save had evaporated in a poof. That’s what happened to over 200 people on November 15th.  They had invested in a “Silver Pool” investment promoted by Gaylen Rust who claimed he had… Read more »

More Trouble for John Zane Jeppesen of Garland, Utah

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I have previously  written about Mr. Jeppeson, now his is more trouble.  This is from the Ogden Herald Journal this week: The Utah Division of Securities of the Department of Commerce have filed court documents against John Zane Jeppesen, of Garland, bringing forth more accusations and details into Jeppesen’s nearly 20 year behavior of securities… Read more »

John Zane Jeppesen of Garland, Utah And His History of Fraud

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John Zane Jeppesen of Garland, Utah is probably not someone you want to invest your money with. In 1999, Jeppesen entered into an agreement with the Idaho Securities Bureau, under which he admitted to violations of registration, licensing and anti-fraud provisions and was ordered to pay outstanding principal and interest to Idaho investors. In 2003… Read more »

SEC Creating Searchable Database of Bad Brokers

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This is a repost of an article that appeared in ThinkAdvisor today.  Apparently the SEC agrees with one of the main goals of this website; people are increasingly googling the names of people they want to do business with, so information about people who have a documented history of unethical or fraudulent conduct needs to… Read more »

Barred Broker Hank Brock Pleads Guilty to $10 Million Tax Fraud Scheme

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Henry (“Hank”) Brock of St. George, Utah pleaded guilty on Monday to tax evasion, securities fraud and wire fraud. According to the Department of Justice press release, Brock sold fraudulent tax-avoidance and investment strategies to his clients through a financial services company he ran called Mutual Benefit International Group, Ltd.  and through its subsidiaries, Brock Seminars LLC,… Read more »

The Financial Fraud Institute is coming to St. George, Utah

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STOP FRAUD UTAH and the Financial Fraud Institute are coming to St. George!  The event will take place on November 2nd from 4:00 to 7:00 p.m., at the Dixie Center.  The keynote speaker will be John W. Huber the United States Attorney for the District of Utah. Click on this link to access the brochure. STOP FRAUD… Read more »

Utah Federal, State, and Local Government Officials Join Forces to Educate Investors on How to Avoid Fraud

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Public Seminars to be Held in Salt Lake City and Utah County SALT LAKE CITY  April 5, 2017 – In a new, collaborative effort, Utah federal, state and local government officials established the Financial Fraud Institute and will hold two separate multi-agency seminars designed to educate Utah investors and consumers on how to recognize and… Read more »