Below you'll find a list of all posts that have been categorized as “2025”
$3M of investor funds allegedly used on real estate, a personal chef, Chevrolet Corvette & more SALT LAKE CITY, Utah –A Belgium national and the owner of K & K Strategies is facing federal charges after he allegedly operated a $5 million Ponzi scheme. The Utah investment owner, who was not licensed to sell securities, allegedly defrauded approximately 75 investors, …
SALT LAKE CITY, Utah – Jacob Welch Dalton, 28, of Saratoga Springs, Utah, was sentenced to two years’ imprisonment, three years’ supervised release, and ordered by the court to pay $1,553,806 in restitution. Dalton defrauded approximately 45 investors in a securities fraud scheme by obtaining investments from people that he knew personally or through social media. The sentence, imposed by …
The suit highlights allegations of sexual exploitation via the TikTok Live feature as Utah intensifies its efforts to protect minors from harmful practices. SALT LAKE CITY—In a significant legal victory for the state of Utah, Third District Court Judge Coral Sanchez has denied TikTok’s motion to dismiss the state’s lawsuit filed in June 2024. This marks the advancement of Utah’s …
Alpha investment scheme defrauded more than 500 victims in Utah and elsewhere SALT LAKE CITY, Utah – A Utah businessman pleaded guilty today to securities fraud and money laundering after admitting he lied to investors and fraudulently sold investment contracts, which are securities, through his company Alpha Influence, LLC for “Alpha Automated Stores.” Jeremiah Joseph Evans “The Bull,” 29, of …
Utah is expected to receive $57 million more to combat the state’s opioid epidemic Salt Lake City, UT—Several states have announced an agreement in principle to settle lawsuits across the country over opioid harms and abate the injuries in our communities. The proposed agreement amounts to $7.4 billion from the Sacklers and their former company, Purdue Pharma. Utah, through the …
The Utah Department of Commerce’s Division of Securities, Multi-State Working Group Finds Supervisory Failures With Respect to Class A Mutual Fund Shares SALT LAKE CITY, UT – (January 16, 2025) – The Utah Department of Commerce’s Division of Securities, a member of the North American Securities Administrators Association (NASAA), has joined a $17 million settlement with Edward D. Jones & …
An internal investigation called “Project Meramec” shows TikTok executives knew the company was profiting from children being sexually exploited on its platform. Salt Lake City, UT—The Utah Department of Commerce’s Division of Consumer Protections, represented by the Utah Attorney General’s Office, announced today the release of previously redacted information related to its most recent complaint filed against TikTok Inc. (TikTok). …
