You are here

Justice News

Department of Justice
U.S. Attorney’s Office
District of Utah

FOR IMMEDIATE RELEASE
Tuesday, November 6, 2018

Federal, State And Local Law Enforcement, Regulatory Agencies To Hold Event In Ogden To Highlight Ways To Recognize And Avoid Financial Fraud Schemes

SALT LAKE CITY – Residents of Weber County, Ogden, and neighboring communities are invited to attend a free consumer education seminar in Ogden Thursday, Nov. 15, 2018, to learn how to recognize and avoid financial fraud schemes.

The seminar will provide information on key questions to ask before making investment decisions, where to find free and unbiased information, how to spot financial scams, and how to report suspected fraud. 

The event will be in the Commission Chambers at the Weber Center at 2380 Washington Boulevard in Ogden. It will go from 5 p.m.to 8 p.m. There is no cost to attend and a free light dinner will be provided. Parking is available east of the Weber Center. Those who would like to attend should register at www.utfraud.com or call 801-579-6191 as soon as possible.   

U.S. Attorney John W. Huber is encouraging residents in the Weber County area to take advantage of the seminar.  “Utah is a wonderful place to live.  Unfortunately, however, Utah is known as a hotbed for fraud and white-collar crime.  We see a variety of schemes in Utah – from Ponzi schemes, securities fraud, affinity fraud schemes targeting family or church members to telemarketers convincing our residents that they have won a multi-million dollar lottery prize.  Residents of our state are trusting people – which can make us easy targets for fraudsters,” Huber said.   

The Ogden event is part of a collaborative effort called the Utah Financial Fraud Institute.  Agencies participating in the initiative are providing free seminars around Utah to help Utahns avoid becoming victims of fraud schemes.

Agencies involved in the effort include the U.S. Attorney’s Office, the U.S. Securities and Exchange Commission (SEC), the Weber County Attorney’s Office, the FBI, the Utah Division of Securities, the Financial Regulatory Authority (FINRA), the Utah Division of Consumer Protection, the Utah Attorney General’s Office, and the IRS.  Other sponsors include the U.S. Commodity Futures Trading Commission, the American Association of Retired Persons (AARP), the Utah Retirement Systems, Utah Adult Protective Services, the Better Business Bureau, and the Department of Veterans and Military Affairs. 

The evening will include an opportunity to enjoy a light dinner and browse informational booths from 5-5:30 p.m.  The seminar will start at 5:30 p.m.  Chief Magistrate Judge Paul M. Warner from federal court in Salt Lake City will give the keynote address at 5:40 p.m.

Two panel discussions will follow the keynote address starting at 6 p.m.  The first panel will focus on investor fraud and will highlight ways to recognize and avoid investment fraud.  The second panel will highlight consumer fraud issues and ways to avoid these of fraud schemes. Representatives from several of the sponsoring agencies are joining the two panel discussions.

 

Topic(s): 
Financial Fraud
Component(s): 
Updated November 6, 2018