More Trouble for John Zane Jeppesen of Garland, Utah

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zane jeppeson

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 »

A Pyramid of Lies

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Editor’s Note: This is a fascinating story that appeared on the FBI’s website this week about a $43 Million Ponzi Scheme in Sparta, Tennessee.  Tractor salesman Jeff Gentry preyed on the implicit trust of friends, family, and neighbors in this small Tennessee town.  Nobody would have suspected that the affable Tennessee tractor salesman who was raised… Read more »

The Woodbridge Group of Companies – Another Ponzi Targeting Utahns

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The Woodbridge Group of Companies was run by a flashy promoter in Los Angeles named Robert Shapiro.  Woodbridge marketed promissory notes (which were in reality unregistered securities) to an estimated 7,000 retail investors throughout the United States, including Utah.  Investors were told their funds would provide a safe, secured return from short-term real-estate loans. In… Read more »

Did you send me a letter? Call me!

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I know this is an unusual post but someone recently sent me a copy of an unsigned whistleblower letter to the SEC. This post is for that person: To the person who sent me an unsigned letter involving a company with the initials TEG or EA (I don’t want to identify the company here) please… Read more »

UPDATE: Former Salt Lake City Councilman and LDS Stake President Eric Jergensen Convicted in New York

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UPDATE: For those of you who are watching this case, I have been informed that Mr. Jergensen’s sentencing has been postponed.  The sentencing was rescheduled to March 2, 2018 at 1:30 p.m. in the federal courthouse in Syracuse, NY.  I assume the judge will be the same one who conducted the trial; U.S. District Court Judge… Read more »

FBI Article on Affinity Fraud in Utah

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This is a re-post of a great article on the unique problem we have with affinity fraud here in Utah. This article appeared on the FBI’s website yesterday. Affinity Fraud White-Collar Criminals Use Bonds of Trust to Prey on Investors Financial fraudsters are known to be an unscrupulous lot, but it is particularly loathsome when… 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 »

A New Podcast Interview

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For those who are interested in the intersection between the LDS Faith and the epidemic of affinity fraud and Ponzi schemes in Utah and the LDS community worldwide, take a listen to this podcast in which I was interviewed by the brilliant scholar Gina Colvin who manages the A Thoughtful Faith Podcast. This was a… 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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financial fraud institute

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…. Read more »