NEWS RELEASE: Consumers Defrauded by Zurixx Real Estate Investment Scheme to Receive $12 Million in Refunds

The Utah Department of Commerce’s Division of Consumer Protection, represented by the Utah Attorney General’s Office, and the Federal Trade Commission secure funds in settlement. This week, the Federal Trade Commission (FTC) is mailing checks to consumers harmed in the Zurixx, LLC (Zurixx) real estate investment coaching scheme. These payments are the result of the $12 million settlement between the …

NEWS RELEASE: Smartphone Fraudster Sentenced to 29 Months’ Imprisonment After Cheating Investors Out of $10M

Salt Lake City, Utah – A Utah businessman was sentenced in federal court today for the second time this year after he admitted to defrauding hundreds of trusting investors throughout the United States out of $10 million in his smartphone company, SAYGUS.  Chad Leon Sayers, 60, of Midvale, Utah, was sentenced to 29 months’ imprisonment, 15 of which were ordered …

NEWS RELEASE: Zachary Boyd Appointed as New Director of the Utah Office of Artificial Intelligence Policy

The Utah Department of Commerce has appointed Dr. Zachary Boyd as the Director of the newly established Office of Artificial Intelligence Policy. Dr. Boyd brings an extensive background in artificial intelligence (AI) and machine learning, which will help lead the state’s efforts in exploring AI technologies and developing policies.