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Utah man pleads guilty in $200M fraud case involving rare coin business

Gaylen D. Rust, 62, faces 19 years in prison for his role in a silver trading scheme.

(Chris Detrick | Tribune file photo) Gaylen Rust poses for a portrait at his home in Layton Wednesday May 22, 2013. Rust, now 62, pleaded guilty Monday to federal charges of wire fraud, securities fraud and money laundering conspiracy after he was accused of soliciting investors to fund a silver trading scheme through his family's antique coin business, Rust Rare Coin.

(Chris Detrick | Tribune file photo) Gaylen Rust poses for a portrait at his home in Layton Wednesday May 22, 2013. Rust, now 62, pleaded guilty Monday to federal charges of wire fraud, securities fraud and money laundering conspiracy after he was accused of soliciting investors to fund a silver trading scheme through his family's antique coin business, Rust Rare Coin.