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 …