WebDec 20, 2024 · Gaylen Rust, Utahn accused of $200 million Ponzi scheme, pleads guilty. ... “I think the receiver is doing a great job trying to locate money for the investors,” Rosca said, “but in terms of ... WebDec 20, 2024 · Gaylen D. Rust, 62, was accused of soliciting investors to fund a silver trading scheme through his family’s antique coin business, Rust Rare Coin, FOX 13 …
Layton owner of Rust Rare Coins sentenced to 19 years in prison …
WebMar 3, 2024 · U.S. v Rust: For a period of at least 20 years, Gaylen Rust and others offered and sold investments to at least 500 investors located throughout the United States. Within the past five-year period alone, these co-conspirators collected an estimated $193 million dollars in connection with these investments. They promised investors secured high ... WebCoin, Inc. (“RRC”), Gaylen Dean Rust, and affiliated individuals and entities (collectively, the “Receivership Defendants”). Commodity Futures Trading Commission v. Rust Rare Coin, Inc., ... Receiver filed a partial motion for summary judgment, asking the court to make three findings: (1) that the Receivership Defendants operated the ... ordinary numbers codeforces
A Utah Ponzi scheme ruined his business. But he made a …
WebMay 11, 2024 · SALT LAKE CITY — A federal grand jury in Salt Lake City returned a six-count indictment Wednesday afternoon charging three individuals in connection with an alleged scheme to defraud investors by inducing them to purchase investments in a fraudulent silver trading program. Gaylen Rust, of Layton, is accused of defrauding over … WebNov 20, 2024 · Rust Rare Coin Inc. was founded in 1966 by Gaylen E. Rust's father, Alvin E. Rust. According to CFTC Director of Enforcement James McDonald, “As alleged, for at least a decade, the Defendants ... WebDec 20, 2024 · Court documents identify the man as 62-year-old Gaylen Rust. Rust, along with his ex-wife 62-year-old Denise Rust and his son, 39-year-old Joshua Rust have been implicated in a silver trading scheme that bamboozled victims out of approximately $200 million. Gaylen has pleaded guilty to securities fraud, wire fraud, and money laundering … how to turn off do not disturb on iwatch