Lawsuit filed against USU to retrieve Ponzi scheme donations
âThere are no winners here,â said Wayne Klein, a court-appointed conflicts receiver tasked with retrieving around half-a-million dollars fraudulently donated to Utah State University. âThe investors arenât going to get all their money back, Utah State is getting shafted and everybodyâs a loser.â In June, Klein filed a federal lawsuit against USU to retrieve nearly $545,000 after the university was the recipient of donations from a Ponzi scheme. According to the complaint filed with the United States District Court for the District of Utah, Salt Lake City coin sho...
Source: hjnews.com