White-Collar Crime - The Salt Lake Tribune http://www.sltrib.com/cat/WhiteCollarCrime Stories from The Salt Lake Tribune &copy; 2014 The Associated Press, The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our privacy policy: http://www.sltrib.com/pages/privacy. en-us webmaster@sltrib.com (Webmaster) Two Utahns accused in kickback scheme http://www.sltrib.com/sltrib/money/57827594-79/total-wealth-funds-clients.html.csp Federal regulators are alleging two Utah men and their investment businesses failed to disclose to clients they were receiving kickbacks for steering investor monies into certain funds. The Securities and Exchange Commission also said Total Wealth Management CEO Jacob Keith Cooper of Washington and President Nathan McNamee of Hurricane violated federal laws though their use of unregistered investment funds, by not engaging independent auditors and failing to conduct due diligence before invest... Federal regulators are alleging two Utah men and their investment businesses failed to disclose to clients they were receiving kickbacks for steering investor monies into certain funds. The Securities and Exchange Commission also said Total Wealth Management CEO Jacob Keith Cooper of Washington and President Nathan McNamee of Hurricane violated federal laws though their use of unregistered investment funds, by not engaging independent auditors and failing to conduct due diligence before invest... <img src="http://mngislctrib.112.2O7.net/b/ss/mngislctrib/1/H.17--NS/0?&pageName=RSS" height="1" width="1" border="0" alt=""/> 57827594@www.sltrib.com Wed, 16 Apr 2014 13:27:01 MDT No trial date yet for Jeremy Johnson; frustration builds http://www.sltrib.com/sltrib/money/57823014-79/date-trial-johnson-warner.html.csp Businessman Jeremy Johnson and four others who worked in his St. George company inched closer to a trial date Tuesday on charges they submitted false information to banks so they could continue to charge consumer credit cards for their online marketing operations. U.S. Magistrate Judge Paul Warner declined a request by federal prosecutors to set a trial date on the 86 counts faced by each of the five defendants nor would he set a deadline for motions. But Warner said he might be able to set de... Businessman Jeremy Johnson and four others who worked in his St. George company inched closer to a trial date Tuesday on charges they submitted false information to banks so they could continue to charge consumer credit cards for their online marketing operations. U.S. Magistrate Judge Paul Warner declined a request by federal prosecutors to set a trial date on the 86 counts faced by each of the five defendants nor would he set a deadline for motions. But Warner said he might be able to set de... 57823014@www.sltrib.com Tue, 15 Apr 2014 14:06:02 MDT Fla. bitcoin case tests money laundering limits http://www.sltrib.com/sltrib/money/57806707-79/money-reid-bitcoins-bitcoin.html.csp Miami Beach, Fla. • Two police officers burst through a hotel room door with guns drawn, yelling “Police! Get Down!” just after an alleged money laundering transaction went down. But instead of briefcases stuffed with a drug dealer’s cash, this exchange involved an undercover officer with supposedly stolen credit cards and the virtual currency bitcoin. The February arrests of Pascal Reid and Michell Espinoza marked the first time any state has brought money laundering charges involving bitcoins... Miami Beach, Fla. • Two police officers burst through a hotel room door with guns drawn, yelling “Police! Get Down!” just after an alleged money laundering transaction went down. But instead of briefcases stuffed with a drug dealer’s cash, this exchange involved an undercover officer with supposedly stolen credit cards and the virtual currency bitcoin. The February arrests of Pascal Reid and Michell Espinoza marked the first time any state has brought money laundering charges involving bitcoins... 57806707@www.sltrib.com Fri, 11 Apr 2014 13:29:02 MDT Jury rules Orem real estate investor not guilty of fraud http://www.sltrib.com/sltrib/money/57755095-79/koerber-vaughn-investors-estate.html.csp A jury late Monday found an Orem man not guilty of fraud-related charges involving an associate of Rick Koerber, the real estate guru who took in $100 million in investments before his Provo-based empire crashed in 2007. The federal court jury heard final arguments at the end of a five-day trial during which Jason Vaughn, former chief instructor for Koerber’s real estate investment seminars, took the stand and said he relied completely on assurances from Koerber that the investments were safe ... A jury late Monday found an Orem man not guilty of fraud-related charges involving an associate of Rick Koerber, the real estate guru who took in $100 million in investments before his Provo-based empire crashed in 2007. The federal court jury heard final arguments at the end of a five-day trial during which Jason Vaughn, former chief instructor for Koerber’s real estate investment seminars, took the stand and said he relied completely on assurances from Koerber that the investments were safe ... 57755095@www.sltrib.com Mon, 31 Mar 2014 21:50:57 MDT Koerber associate on trial for alleged multimillion-dollar scheme http://www.sltrib.com/sltrib/money/57734470-79/koerber-vaughn-money-trial.html.csp An investor on Wednesday described the roundabout way employees of accused Ponzi scheme operator Rick Koerber steered him to invest in a company that led him to lose hundreds of thousands of dollars. Investor Tom Tibbs was the opening witness in the trial of Jason K. Vaughn, of Orem, a partner and employee of Koerber’s who also ran a company that took in money from investors and poured it into Koerber’s real-estate investment operation. Koerber faces 18 federal fraud-related charges connected to... An investor on Wednesday described the roundabout way employees of accused Ponzi scheme operator Rick Koerber steered him to invest in a company that led him to lose hundreds of thousands of dollars. Investor Tom Tibbs was the opening witness in the trial of Jason K. Vaughn, of Orem, a partner and employee of Koerber’s who also ran a company that took in money from investors and poured it into Koerber’s real-estate investment operation. Koerber faces 18 federal fraud-related charges connected to... 57734470@www.sltrib.com Thu, 27 Mar 2014 10:08:23 MDT Utahns, be wary of scams asking money for mudslide relief http://www.sltrib.com/sltrib/money/57738528-79/utah-mudslide-organizations-wary.html.csp The Utah Division of Consumer Protection is warning people to be wary of fundraising scams exploiting the mudslide tragedy in Washington State. Though no such schemes have been reported so far in Utah, Francine A. Giani, executive director of the Utah Department of Commerce, asks consumers to be on the lookout for them in the wake of Saturday’s event, which so far has killed 25 people. The slide occured near the town of Oso, about 55 miles southeast of Seattle, and slammed into a neighborhood o... The Utah Division of Consumer Protection is warning people to be wary of fundraising scams exploiting the mudslide tragedy in Washington State. Though no such schemes have been reported so far in Utah, Francine A. Giani, executive director of the Utah Department of Commerce, asks consumers to be on the lookout for them in the wake of Saturday’s event, which so far has killed 25 people. The slide occured near the town of Oso, about 55 miles southeast of Seattle, and slammed into a neighborhood o... 57738528@www.sltrib.com Thu, 27 Mar 2014 09:46:02 MDT Judge denies feds’ request to take over Utah companies http://www.sltrib.com/sltrib/money/57709313-79/companies-apply-knowledge-benson.html.csp A federal judge on Thursday turned down a request by federal regulators to take over a string of Utah companies that had been accused of defrauding U.S. consumers out of millions of dollars. U.S. District Judge Dee Benson said he wasn’t persuaded by arguments from the Federal Trade Commission that all assets should be frozen and a receiver appointed to take over the companies and seize all related funds. Benson made that decision from the bench at the end of a court hearing as part of the lawsu... A federal judge on Thursday turned down a request by federal regulators to take over a string of Utah companies that had been accused of defrauding U.S. consumers out of millions of dollars. U.S. District Judge Dee Benson said he wasn’t persuaded by arguments from the Federal Trade Commission that all assets should be frozen and a receiver appointed to take over the companies and seize all related funds. Benson made that decision from the bench at the end of a court hearing as part of the lawsu... 57709313@www.sltrib.com Fri, 21 Mar 2014 11:11:37 MDT