Classic Ponzi

Marquis Properties defrauded people of $28 million through “a classic Ponzi scheme” disguised as real estate investments, the SEC claims in a <b><a href="http://www.courthousenews.com/wp-content/uploads/2018/01/Classic-Ponzi.pdf">federal complaint</a></b>.

SALT LAKE CITY — Chad Deucher of Orem, Utah, and Richard Clatfelter of Phoenix, both 42, defrauded people of $28 million through Marquis Properties, “a classic Ponzi scheme” disguised as real estate investments, the SEC claims in a federal complaint.

Categories / Securities

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