Founder and former CEO and Chairman of Lordstown Motors Steve Burns gets hit with an individual securities enforcement action for donning his hard hat on tv and lying to investors about the company's pre-orders.

Been a long time coming. SEC settled with the company last month.

Wow. Pro Publica is taking on the well-respected Primary Children's Hospital here in Utah where it says 'pediatric surgeons are taking controversial risks with how they care for kids with cleft lip and palate.' And parents aren’t told!

propublica.org/article/utah-c…

Utah Man Charged in $2.8 Million Wire Fraud Scheme where he impersonated a federal agent promising he could acquire exotic cars, planes and vessels that had been seized by the U.S. government through forfeiture. All fake. justice.gov/opa/pr/utah-ma…

Bagley Cartoon: The Smell Test sltrib.com/opinion/bagley…

“The goal is to veto nothing.” -Gov Cox

Some things NEED to be vetoed.

#KingForUtah #ForTheBetter

Brace yourselves: We’re about to learn that SBF is one-quarter Navajo

If you're considering an investment involving crypto assets, be cautious.

Crypto asset securities may be marketed as new opportunities but there are serious risks involved.

Read SEC Investor Ed's Director Take:

Federal law-enforcement officials are focusing on 'affinity frauds' which target close-knit communities. This is the most common type of fraud among members of the Mormon church. wsj.com/us-news/prosec… via The Wall Street Journal

He lied to a federal judge at his sentencing hearing when he claimed to be 1/4 Cherokee? True to character I guess. #trevormilton $NKLA

BREAKING: Nikola Founder Trevor Milton was ordered to spend 4 years behind bars for lying to shareholders about the electric-truck maker’s progress trib.al/9Iaq5Dk

$TIO is a doozy! Billions of non-existent revenue - Forged auditor reports, forged emails, fake websites, an 'independent investigation' that was completely fraudulent, Swiss bank accounts and - EVEN TODAY - press releases about their awards. tingogroup.com/news-events/pr…

Big day…

What an embarrassing filing. Milton’s lawyers are basically arguing that we’re all uneducated yokels out here in “the west” who don’t understand that worse mean what they mean.

Lock this guy up.

This is good news. Even the Utah GOP sees the need for accountability and oversight and I assume Sean Reyes feels the same way. #utpol

Utah Attorney General Sean Reyes' nonprofit touted 18 'mission partners' on its website. But several said they were unaware of Reyes’ nonprofit, had received no money from it and were not affiliated with it in any way.
trib.al/GY5r6gL

SLC Residents please take the survey!

Careful what you read on the internet. The best source of information about the SEC is the SEC.

The CFTC has issued an order against Utah resident Jacob Orvidas for running a fake commodities pool, losing all the money, and lying about it to investors. $2 million in restitution, $500,000 civil penalty. #utahfraud
cftc.gov/PressRoom/Pres…

A huge new Ponzi case that was just filed by the SEC here in Utah. It combines crypto, multi level marketing and large number of exotic cars. All the good stuff!
sec.gov/news/press-rel…

#Ponzi #Utahfraud #crypto Jordan Maglich

Holy smokes. In a recent Deseret News poll 20% of Utahns reported that they were a victim of financial fraud... within the last year!

deseret.com/utah/2023/7/22…
#Mormon #LDS #UTPOL #Utah Deseret News