Don't invest with companies in Utah, especially if they're promising an 18% return. I swear I live in the scam capital of the world.
http://www.ksl.com/?sid=43276300&nid=148
SALT LAKE CITY — Two West Jordan residents admitted Tuesday to federal charges alleging they defrauded hundreds of investors of $140 million.
Wayne LeMar Palmer, 61, pleaded guilty in U.S. District Court to wire fraud and money laundering. His cousin and co-defendant, Julieann Palmer Martin, admitted to misprision, or deliberately concealing knowledge, of a felony.
A grand jury handed down a 48-count indictment against the two in August 2015.
Palmer and Martin both worked at National Note of Utah, a firm Palmer started in 1992. According to the indictment, Palmer told more than 600 investors that their real estate investments were safe and guaranteed. He also claimed National Note was profitable, generated at least 18 percent returns on investments and was never late paying an investor.
http://www.ksl.com/?sid=43276300&nid=148
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