Gaylen Rust News Today

A court-appointed receiver announced Monday that he has returned $23.2 million dollars to victims of what was called the largest Ponzi scheme in Utah history.

The final defendant in the Rust Rare Coin Ponzi scheme was sentenced Tuesday.

SALT LAKE CITY (AP) — An antique coin salesman who pled guilty to money laundering and...

The latest Utah news for Wednesday morning, Mar. 9, 2022.

Gaylen Rust pleaded guilty Monday to fraud and money laundering in connection with a silver trading Ponzi scheme at Rust Rare Coin in Salt Lake City.

Rust Rare Coin owner Gaylen Rust pleaded guilty to fraud and money laundering in a $200M silver trading scam. The Utah man told investors the money would be used to buy and trade silver, but most of it went to other businesses, personal accounts or to other investors in Ponzi scheme.

He fell victim to a Ponzi scheme. But now this Utah composer has made a ‘huge’ comeback Lottie Elizabeth Johnson © Jeffrey D. Allred, Deseret News Utah composer Chance Thomas, who has written music based on “Lord of the Rings” for video games, works in his studio in Salt Lake City on Wednesday, Dec. 27, 2017. After being victimized by the Rust Rare Coin Ponzi scheme, Thomas has launched a new online music store called HUGEsound Records. The cops and attorneys showed u...

Deseret News He fell victim to a Ponzi scheme. But now this Utah composer has made a ‘huge’ comeback The cops and attorneys showed up at the end of the workday. Dark, gloomy faces matched the cold November weather Share this story Utah composer Chance Thomas, who has written music based on “Lord of the Rings” for video games, speaks at HUGEsound Post Production in Salt Lake City in November 2018. After being victimized by the Rust Rare Coin Ponzi scheme, Thomas has launched a new onlin...