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Berthoud man sanctioned in Ponzi scheme
Posted By admin On March 7, 2012 @ 2:56 pm In Area News | Comments Disabled
By Tom Harvey
The Salt Lake Tribune
Federal regulators have imposed sanctions on six Utah and Colorado men for their involvement with Jeffrey Mowen, the Utah County man who pleaded guilty to fraud charges for running a Ponzi scheme that took in about $18 million from investors on promises of returns of 2 percent or more a month.
The Securities and Exchange Commission said the six solicited millions of dollars of investor money that went to Mowen using false claims about where the money would go and about the security of the investments.
Sanctions were imposed against Thomas R. Fry, Cedar Hills; Michael W. Averett, Pleasant Grove; Michael G. Butcher, Loveland, Colo.; Gary W. Hansen Berthoud, Colo.; James B. Mooring, Highland; and Bevan J. Wilde, Highland. … Read More 
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URL to article: http://www.berthoudrecorder.com/2012/03/07/berthoud-man-sanctioned-in-ponzi-scheme/
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 Utahns among six sanctioned over Ponzi scheme: http://www.sltrib.com/sltrib/money/53660507-79/mowen-font-sec-fry.html.csp
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