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Craig C. Garrick, Jr. Sentenced To Federal Prison For Securities Fraud

Published: 20 February 2021 20 February 2021
Salt Lake City, Utah - Craig C. Garrick, Jr., 42, of Alpine, Utah, was ordered to serve 12 months and one day in federal prison at a hearing on February 10, after being convicted of securities fraud in federal court. Garrick previously pleaded guilty to securities fraud in October of 2020.
Garrick admitted in the plea agreement, that from 2019 to 2020, he induced victims to invest at least $450,000 in his company without disclosing the fact that he was serving a probationary sentence for felony charges of mortgage fraud arising out of the Utah State Courts. Garrick also admitted that that he planned to use, and did use, investment money for his own benefit and living expenses; that he knew it was illegal to fraudulently take money from investors; to make a misrepresentation or an omission of a material; and to engage in conduct that operates as a fraud or deceit upon a person, in connection with the purchase or sale of securities.

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