The Utah Department of Commerce’s Division of Securities partnered with several government agencies in uncovering this scam. The judge also issued an order of forfeiture in the same amount, allowing for the seizure of all money and assets owned by Rust and traceable to the criminal scheme. District Court Judge sentenced Rust on Tuesday, ordering him to pay over $153 million to 568 victims spread across the United States. Please check the “ Legal Disclaimer” page for important disclaimers.SALT LAKE CITY, Utah (Mar 8, 2022) – Utah business owner Gaylen Rust will serve 19 years in federal prison for running a $200 million, multi state Ponzi scheme.Ī U.S. Any information or statements contained in this website, regarding pending or past investigations, is derived from public records and should be viewed as allegations, not statements of facts, unless specifically indicated otherwise. Any investigation referenced on this website is independent and conducted by the Rosca Scarlato LLC law firm privately.
By continuing to browse this website you agree that an attorney-client relationship with RS is formed only upon the execution by both parties of an attorney-client agreement. We do not enter into attorney-client relationship through this website, or through your communication with us on this website. You should consult an attorney for individual advice regarding your case. The information you review at this site is not legal advice. Each case is different, and prior results do not guarantee a similar outcome in any future case. Paul Scarlato's office is in Philadelphia area and Alan Rosca's office is in the Cleveland, Ohio area, as detailed on their pages on this website. The responsible attorneys for the content of this website and Rosca Scarlato's advertisements are Alan Rosca and Paul Scarlato, unless otherwise specifically indicated. Comments quoted on this page, made by a judge or arbitrator in any particular case, are not an endorsement of the Rosca Scarlato LLC attorney's legal skill or ability. This site contains attorney advertising material.
GAYLEN RUST UPDATE PRO
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