Ponzi Scheme

SALT LAKE CITY — The court-appointed receiver for the assets of Rust Rare Coin claims in a federal complaint that Leon Nichols, Randy Wall and Verna R. Nichols, in her individual capacity and as trustee of The H. Dale & V.R. Nichols Family Trust, defrauded investors of more than $200 million in a commodities trading Ponzi scheme.

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