SEC Halts Father-Son Ponzi Scheme in Utah Involving Purported Real Estate Investments

Washington, D.C. – December 16, 2011 – (RealEstateRama) — The Securities and Exchange Commission today charged a father and son in Utah with securities fraud for selling purported investments in their real estate business that turned out to be nothing more than a wide-scale $220 million Ponzi scheme.


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The mission of the U.S. Securities and Exchange Commission (SEC) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.

Contact:

SEC Headquarters
100 F Street, NE
Washington, DC 20549
Phone: (202) 942-8088

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