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Wednesday, March 27, 2024 | Back issues
Courthouse News Service Courthouse News Service

Classic Ponzi

Marquis Properties defrauded people of $28 million through “a classic Ponzi scheme” disguised as real estate investments, the SEC claims in a federal complaint.

SALT LAKE CITY — Chad Deucher of Orem, Utah, and Richard Clatfelter of Phoenix, both 42, defrauded people of $28 million through Marquis Properties, “a classic Ponzi scheme” disguised as real estate investments, the SEC claims in a federal complaint.

Categories / Securities

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