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Utah

Alpine businessman cleared of fraud charges says case against him never should have been filed

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  • Red San Antonia, TX
    Aug. 15, 2014 9:45 p.m.

    I followed this case closely and know the industry he was playing in.

    His returns were possible in the best case scenario on small good deals but wouldn't scale and be sustainable.

    He covered his losses long past the obvious point that the market was going sideways. He kept taking money right up till the end.

    For him to say that this shouldn't have been filed is bold posturing now that he was thrown a gift from the incompetent system that should have taken him down long ago.

    He is better off just thanking his lucky stars instead of riling up all the people who lost money by his tricky ways.

  • Schwa South Jordan, UT
    Aug. 16, 2014 2:30 a.m.

    I can't believe they screwed up this slam dunk case so bad that he walked. It's shocking.

  • wer South Jordan, UT
    Aug. 16, 2014 8:25 a.m.

    Whether he is guilty or not, I have no idea, but this just another in a long list of stories of ill advised people in Utah who need to be better informed of investment risks and not just believe the guy who is taking their money.

  • cmsense Kaysville, UT
    Aug. 16, 2014 12:29 p.m.

    If anyone promises you 5% return per month if you will take out a 2nd mortgage on your home and give the money to them to "invest" or buy rentals or whatever....run.

    I'm shocked this guy won't even go to trial and victims lost millions. Shame.

  • Lagomorph Salt Lake City, UT
    Aug. 16, 2014 5:44 p.m.

    Call me old fashioned fuddyduddy, but is is it no longer considered good manners for a gentleman to remove his hat indoors?

    I used to listen to his KTKK radio show. He was all Ayn Randian about being a "producer" and not a "parasite," but his mode of income production was all about churning other people's money, not creating anything new of value.