Utah Division of Securities Announces $5.9 Million Distribution to Victims of Rust Rare Coins Ponzi Scheme  

December 23, 2024 — Salt Lake City, UT The Utah Department of Commerce’s Division of Securities (Division) is pleased to announce that an additional $5.9 million has been distributed to victims of the Rust Rare Coins Ponzi scheme, as directed by the court-appointed receiver, Jonathan O. Hafen. This latest distribution brings the total restitution to nearly $30 million for those …

Utah Division of Securities Announces $5.9 Million Distribution to Victims of Rust Rare Coins Ponzi Scheme  

December 23, 2024 — Salt Lake City, UT – The Utah Department of Commerce’s Division of Securities (Division) is pleased to announce that an additional $5.9 million has been distributed to victims of the Rust Rare Coins Ponzi scheme, as directed by the court-appointed receiver, Jonathan O. Hafen. This latest distribution brings the total restitution to nearly $30 million for …

Utah businesses getting hit with misleading letters from “Utah Council for Corporations” asking for $150.00 fee for annual records solicitation form

SALT LAKE CITY, Utah – Francine A. Giani, Executive Director of the Utah Department of Commerce, announced today the Division of Corporations and Commercial Code and Division of Consumer Protection have received reports thatmisleading letters are being sent to Utah businesses instructing owners to pay $150.00 for an annual records solicitation form to an entity with a government agency sounding …