The Perils of Investing with Friends and Family members

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Every week I get calls from Utah residents who have lost money by investing money with friends, family or neighbors they trusted — but who were not licensed to sell securities. Many of these people have given someone a short-term, high-interest loan with a promissory note that has not been repaid. Others have invested money… Read more »

FREE “FRAUD UNIVERSITY” CONFERENCE IN JUNE

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I just spoke to my friend Brent Baker who is a former SEC attorney now practicing at Parsons Behle & Latimer. He is putting together a conference in Utah County on June 30, 2010. Attendance is free. The purpose of this event is similar to this blog – to educate people in Utah about scams… Read more »

SCAM METER

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Wondering if your potential investment is a scam? Run it through the Scam Meter! (Sponsored by FINRA)

THE PRICE OF NEGLECTING CORPORATE COMPLIANCE IN THE POST-MADOFF WORLD

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By Mark Pugsley and Matthew R. Lewis In recent months companies and their executives have become the subject of greater scrutiny by regulators, investigators, and prosecutors. Whether or not this increased scrutiny is warranted, the focus on companies and their executives is the new reality. Taking a proactive position on corporate compliance can help prevent… Read more »

SILVERLEAF FRAUD FILING

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Dwight Shane Baldwin, who ran several “venture capital” funds called the Silverleaf Companies has been charged by the Utah Division of Securities with securities fraud and theft, prosecutors said Monday. Previously the Division had charged him with securities fraud. The Division’s civil complaint is available here. According to the allegations in the complaint, In January… Read more »