Salt Lake City, Utah – The Utah Department of Commerce’s Division of Consumer Protection and the Office of the Utah Attorney General today joined a coalition of 50 states announcing a $149.6 million settlement with Mercedes-Benz USA and Daimler AG for violating state laws prohibiting unfair or deceptive trade practices by marketing, selling and leasing vehicles equipped with illegal and …
Utah Secures $7.9 Million Judgment and Permanent Ban Against Parker J. Wilde for Amazon E-commerce Scam
Utah Department of Commerce’s Division of Consumer Protection enters into a stipulated order with Wilde, who deceived hundreds of consumers by promising passive income through “automated” Amazon stores. SALT LAKE CITY—Utah’s 4th District Court entered a judgment in favor of the Utah Division of Consumer Protection (Division) against Parker J. Wilde, who scammed over 200 consumers out of approximately $7.9 …
The Twelve Days of Grift-mas: NASAA’s top 12 Investor Threats
The North American Securities Administrators Association (NASAA) is warning investors that bad actors are preparing to unwrap a new generation of sophisticated schemes. Drawing on data from its 2025 Enforcement Report and annual survey of top investor threats, NASAA has identified top investors frauds and threats to watch out for this holiday season. According to NASAA’s 2025 Enforcement Report, state …
Sweeping Maintenance Funding Audit Results in Nearly $100K in Fines
The Utah Department of Commerce’s Division of Consumer Protection found over 600 violations. SALT LAKE CITY, UT — The Utah Division of Consumer Protection (Division) today announced the conclusion of a significant compliance audit targeting maintenance funding providers (MFPs) operating in Utah. The Division found more than 600 violations of the state’s Maintenance Funding Practices Act (MFPA), Utah Code § …
Don’t Let Fraud Steal Your Holiday Cheer!
The holiday season is a time for giving, goodwill, and often, a little extra spending. Unfortunately, this festive atmosphere is also prime time for fraudsters who look to take advantage of our generosity and the general financial distraction of year-end activities. The Utah Division of Securities wants to ensure your investment portfolio and personal finances are secure throughout December. We …
Utah Man Sentenced to 100 Months in Prison for Multi-Million Dollar Securities Fraud Scheme
The District of Utah’s U.S. District Court sentenced Thomas Paul Madden of Washington City to 100 months in prison for his role in defrauding more than 200 investors of over $23 million. The Utah Division of Securities (“Division”) investigated Madden and his partner, Jeremy Grabow, for allegedly defrauding victims nationwide, including those in California, Colorado, Nevada, and North Dakota. Grabow …
NEWS RELEASE: Acclaimed Actor, Filmmaker, and Entrepreneur Joseph Gordon-Levitt Joins 2025 Utah AI Summit as Featured Speaker
The founder of HITRECORD will discuss balancing innovation with fundamental safety standards, particularly concerning children SALT LAKE CITY, UT—The2025 Utah AI Summit (Summit), Utah’s Pro-Human Leadership in the Age of AI, is excited to announce that Emmy-winning and Golden Globe-nominated American actor, filmmaker, and entrepreneur Joseph Gordon-Levitt has joined the lineup of featured speakers. Mr. Gordon-Levitt will speak on December 2 at the Salt Palace in …
National Penny Shortage: The Business Guide to Cash Rounding
The Utah Division of Consumer Protection acknowledges the challenges businesses may be facing due to the current penny shortage. In consultation with the Utah State Tax Commission and Department of Government Operations, we’ve issued clear guidance to help you navigate this issue seamlessly and in compliance with state law. Essential Guidance on Cash Rounding Cash rounding is a temporary solution …
NEWS RELEASE: Utah Division of Securities and CFTC Secure Final Judgment Against Precious Metals Firm that Defrauded Elderly Adults
The final judgment against Safeguard Metals LLC and Jeffrey Ikahn orders restitution and a civil monetary penalty; underscores commitment to protect seniors from investment fraud Salt Lake City—Utah’s Department of Commerce’s Division of Securities (Division), represented by the Office of the Utah Attorney General (OAG), today announced that the U.S. District Court for the Central District of California recently entered a …




