Judge says alleged Utah Ponzi scheme was not one

It was once touted by federal regulators as the largest financial fraud in Utah history, but a federal judge ruled Thursday that a Fountain Green real estate investment company accused of defrauding investors was not a Ponzi scheme as it has been historically defined, though specific transactions might have been illegal. In a detailed 44-page decision, U.S. District Judge Bruce Jenkins ruled the company called Management Solutions Inc. was on the whole not a Ponzi scheme as the Securities and E...

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