Two Convictions in the Mathon Ponzi Scheme
A long-running Arizona affinity-fraud case targeting members of the Church of Jesus Christ of Latter Day Saints took an important step toward conclusion with the conviction last week of Guy Andrew...
View ArticleUPDATED: Yet Another Local Ponzi Scheme Indictment – Newport Financial
UPDATE: According to an article in the Salt Lake Tribune yesterday, Michael Kay Smith, 66, and his son, Quintin Fullmer Smith, 33, each pleaded guilty to two counts of third-degree felony attempted...
View ArticleMichael Dee Madsen of Herriman, Utah Charged with Securities Fraud
Below is an article that appeared in The St. George Spectrum yesterday. The alleged losses are relatively small so it has not garnered the attention of the press here in Salt Lake City, but the facts...
View ArticleNot All Ponzi Schemes Are Prosecuted by the SEC
This week a Utah man named Kenneth Tebbs was sentenced to six and a half years in federal prison for operating a $49 million Ponzi Scheme in Salt Lake City. According to the article in the Salt Lake...
View ArticleCLIENT ADVISORY: SEC Rule 506 Private Securities Offerings Can Now Be...
Here is a summary of the new SEC’s new Rule 506 written by Mark Cotter, who is the chair of our firm’s Corporate Finance and Securities Law Section. Summary. In a fundamental shift in federal...
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