SALT LAKE CITY, Utah – Francine A. Giani, Executive Director of the Utah Department of Commerce, announced today that the Utah Division of Consumer Protection has cited three “E-Cigarette”companies: OZN Web LLC, located inPhoenix, AZ, Sinless Vapor LLC, located in Heber City, UT and Vapex LLC located in Bountiful, UT for multiple violations of the Utah Consumer Sales Practices Act …
Utah reaches $550M Joint State-Federal Settlement with SunTrust Mortgage Inc. over Mortgage Loan Origination, Servicing, and Foreclosure Abuses
SALT LAKE CITY, Utah – Francine A. Giani, Executive Director of the Utah Department of Commerce, announced today that the Utah Division of Consumer Protection and Utah Attorney General’s Office signed onto to a $550M multistate and federal settlement with mortgage lender and servicer SunTrust Mortgage Inc. to address mortgage origination, servicing, and foreclosure abuses. “With today’s settlement in place, …
Oregon man ordered to pay $413K for defrauding Utah investors in elaborate foreign currency trading and Brazilian emerald selling schemes
SALT LAKE CITY, Utah – The Utah Securities Commission issued a Final Order against Jack Phillips, an Oregon resident, for conning Utah investors into several phony investment schemes involving travel cards, foreign currency trading, andimporting Brazilian emeralds for sale all while promising guaranteed returns of 300 to 500% with no risk to investors. The Final Order states Phillips violated Utah …
Securities Commission approves first whistleblower award for $15K since S.B. 100 Securities Fraud Reporting Program Act passed in 2011
SALT LAKE CITY, Utah – The Utah Securities Commission announced today that Commission members approved the Commission’s first ever whistleblower award for $15,000 to St. George financial advisor, LaMond Syphus, for his actions in reporting investment fraud to Division of Securities investigators which resulted in criminal charges. Syphus toldDivision investigators that a potential client, a recent widow, had come into …
Division of Consumer Protection reminds drivers to check out vehicles “bumper-to-bumper” before hitting road trips statewide this spring, summer
SALT LAKE CITY, Utah ‐ Francine A. Giani, Executive Director of the UtahDepartment of Commerce, announced today that the Utah Division of Consumer Protection is reminding the public to check out their vehicles, campers or trailers road readiness with a trusted mechanic before heading out of town. According to AAA Auto Club, 36.1 Million drivers are expected to travel 50 …
Division of Consumer Protection warns Utahns to watch for mudslide charity scams in the wake of massive Washington State Tragedy in Snohomish County
SALT LAKE CITY, Utah ‐ Francine A. Giani, Executive Director of the Utah Department of Commerce, announced today that the Utah Division of Consumer Protection is asking the public to be on the lookout for possible mudslide‐related scams seeking to take advantage of our community’s trusting nature following Washington State’s weekend tragedy. While no confirmed reports of mudslide charity schemes …
Utah Division of Consumer Protection releases Top Ten Consumer Complaints 2013 list for 16th annual National Consumer Protection Week
SALT LAKE CITY, Utah ‐ Francine A. Giani, Executive Director of the Utah Department of Commerce, announced today that the Utah Division of Consumer Protection is releasing its annual Top Ten Consumer Complaints as part of the 16thannual National Consumer Protection Week from March 2‐8, 2014. The Division is also highlighting the Federal Trade Commission’s 2013 “Consumer Sentinel” report which …
Division of Securities issues investor warning on medical marijuana offers
SALT LAKE CITY, Utah – Francine A. Giani, Executive Director of the Utah Department of Commerce, announced today that the Division of Securities is warning Utah investors to be on the lookout for investment pitches that may use medical marijuana businesses in other states as the basis for “hot” stock tips. With Fridays’ recent announcement by the White House that …
Division of Consumer Protection cites Labor Regulatory Compliance Office for deceptive mailer that targeted Utah businesses over fraudulent poster fees
SALT LAKE CITY, Utah ‐ Francine A. Giani, Executive Director of the Utah Department of Commerce, announced today that the Utah Division of Consumer Protection cited an unregistered entity, Labor Regulatory Compliance Office, forviolating the Utah Consumer Sales Practices Act. Division investigators report the St. George entity sent unsolicited letters to Utah companies with text suggesting it was a billing …
Real Estate Commission revokes Kyle Ashworth’s broker license for forging termite inspections, buyer signatures in elaborate FHA loan scheme
SALT LAKE CITY, Utah – The Utah Real Estate Commission announced today that an Order has been approved against Kyle D. Ashworth, of Vernal, for forging termite inspection documents and faking signatures of prospective buyers, in an elaborate scheme to illegally obtain Federal Housing Authority (FHA) loans. During a hearing January 15, 2013, theCommission revoked Ashworth’s license based on testimony …