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

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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 works and recordings of actual… Read more »

Mark Pugsley’s Recent Interview on Mormon Stories

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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 1, 2016 In this episode… Read more »

Why Were So Many Madoff Victims Jewish?

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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 affinity fraud problem and a… Read more »

Whistleblower Claims under the Dodd-Frank Act

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This is a repost of an article by Jennifer Korb that appeared in the 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 the SEC or the Commission) issued… Read more »

SEC Warns Investors to Check the Credentials of Their Stock Broker

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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 to create a ‘buzz of… Read more »

The SEC says Utah investors are too trusting

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This article by Caleb Larkin appeared in the Ogden Standard Examiner on June 8, 2015: SALT LAKE CITY – The Securities and Exchange Commission (SEC) in Salt Lake City reports Utahns tend to invest in Ponzi and other financial fraud schemes at a higher rate than most states. The SEC has 12 office locations nationwide that cover… Read more »

The SEC’s New Whistleblower Program Has Proven to be a Game Changer

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SEC Chair Mary Jo White gave a speech at the Northwestern University School of Law on April 30, 2015 on the SEC’s new Whistleblower Program.  She called it a “game changer.”  She said that despite criticism, whistleblowers provide “an invaluable public service” the SEC increasingly sees itself as the “whistleblower’s advocate.” Whistleblower Statistics After just… Read more »