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Luxury items from fraud case to be auctioned

Jewelry and other items hidden in a ceiling by the Utah businessman convicted of stealing nearly $25 million in retirement funds from clients will go up for auction on Saturday.

The auction is being conducted at the request of government regulators by Erkelens & Olson Auctioneers at 430 W. 300 North in Salt Lake City, beginning at 10 a.m. on Saturday.

The items once belonged to Curtis DeYoung, the owner of American Pension Services who is serving a 10-year sentence in federal prison after pleading guilty to mail fraud and making a false statement to a court.

The jewelry and others items were found in the false ceiling at the business where DeYoung's wife worked.

Auctioneer Rob Olson said also said the items include diamonds, pendants, watches, gold and silver coins, uncirculated mint sets, troy ounces, U.S. Olympic coin sets, gems and other items. They are open for public inspection on Friday from 10 a.m. to 4 p.m. or viewed online at http://www.salesandauction.com.

Solitude hosts competition for elite snowboardcross, skicross athletes

Solitude Mountain Resort is playing host this week to its first international competition, the Toyota U.S. Grand Prix tour for elite snowboardcross and skicross athletes.

"We can't wait to showcase Solitude," said resort general manager Kim Mayhew of the event that runs through Sunday. Snowboardcross qualifiers are Thursday, followed by skicross qualifiers and finals on Friday. The snowboardcross finals are on Saturday, while the team snowboardcross finals are Sunday.

Competitors are expected to include Olympians Lindsey Jacobellis, Seth Wescott and Alex Deibold, Salt Lake City racer Faye Gulini and Hagen Kearney, who won the tour's first event in Austria.

Inflation along Wasatch Front fell 0.2 percent from Nov. to Dec.

Inflation along the Wasatch Front fell 0.2 percent from November to December, according to the latest Zions Bank Wasatch Front Consumer Price Index.

Even so, prices over the past year have risen 2.1 percent, slightly surpassing the Federal Reserve's inflation target of 2 percent.

"Oil and gas prices are on the rise nationally and globally," said Zions Bank President and CEO Scott Anderson, pointing to a 1.1 percent drop in transportation prices here. "Utah drivers, however, continue to be spared at the pump, as Utah continues to sit on the list of top 15 cheapest gasoline markets."

Medical care prices had the biggest increase, going up 2.2 percent in December and 3.5 percent for the past year, the Zions index showed.

Lee's MarketPlace formally opens fifth Utah store in North Salt Lake

Logan-based Lee's MarketPlace has now established a presence in North Salt Lake.

The grocery store formally opened its fifth Utah store on Thursday with a ribbon-cutting ceremony in the Foxboro Shopping Center, 600 N. Redwood Road. Lee's has a 50,000-square-foot store there that will be managed by Jake Wittwer.

"Lee's is known for our signature friendly guest service and community involvement," said company president Jonathan Badger. "We strive to make grocery shopping a fun and enjoyable experience."

Lee's is a member of Associated Food Stores and features Western Family products. Its other four stores are in Logan, Smithfield, North Ogden and Heber City.

LifeVantage Corp. terminates employment of chief financial officer

Salt Lake City-based LifeVantage Corp., a multilevel marketing company promoting wellness and anti-aging products that has struggled to maintain its position in the Nasdaq exchange, has terminated the employment of chief financial officer Mark Jaggi.

Gary Koos has been appointed interim CFO while a search for a permanent replacement is conducted, said LifeVantage President and CEO Darren Jensen. Koos was head of finance for a division of Comet Technology Inc.