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 »

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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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 »

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 »

UPDATE: The Shocking Story of A Small Town Fraud

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UPDATE: Yesterday United States District Judge David Sam rejected a plea deal that had been worked out between Thomas Andrews (the subject of the story below) and the U.S. Attorney’s Office. According to a story in the Deseret News, Judge Sam rejected the plea deal because he believed it was too lenient. Andrews withdrew his… Read more »

The Deseret News’ Three Part Series on Affinity Fraud in Utah

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My friend Dennis Romboy is a great reporter over at the Deseret News who put together a very detailed two-part story on affinity fraud that was published over the weekend. Part One of the series was called “Utah’s fraud ‘epidemic’: Victims share anger, embarrassment, hurt” and provided the details of how a number of Utahn’s… Read more »

Does Disclosure of a Ponzi Scheme in the PPM make it legal? No.

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dee randall

Dee Randall ran one of Utah’s largest Ponzi schemes, raising more than $72 million from approximately 700 investors nationwide. On June 18, 2014 Utah Attorney General Sean D. Reyes’ office filed a criminal information and affidavit of probable cause against Randall for multiple counts of securities fraud and other related charges. Randall, a resident of… Read more »