Feds file fraud charges against 'Free Capitalist' again

Return To Article

Commenting has temporarily been suspended in preparation for our new website launch, which is planned for the week of August 12th. When the new site goes live, we will also launch our new commenting platform. Thank you for your patience while we make these changes.

  • Impartial7 DRAPER, UT
    Jan. 20, 2017 12:00 a.m.

    You know what would go a long way to stop this Utah epidemic? The church, coming out with a statement to permanently excommunicate a member that preys on others. The church takes a harsh stance against a lot of issues, but affinity fraud- not so much. Time for action.

  • Say No to BO Mapleton, UT
    Jan. 19, 2017 11:27 p.m.

    The delay-of-game defense was a farce on the face of it and is a shameful page in Utah judicial history.

    It is time for Claud to face the music.

    Heaven knows we need to curb affinity fraud in Utah.

  • samhill Salt Lake City, UT
    Jan. 19, 2017 4:03 p.m.

    "The maximum sentence for each securities fraud count is five years in prison. Each wire fraud count carries a 20-year sentence. The money laundering counts, which allege Koerber used to buy $2000,000 cars [sic], have a potential 10-year sentence. The two tax evasion counts carry five-year prison terms."

    If he's guilty I hope he spends every single potential minute of his sentence in prison.

    Anyone who so deliberately defrauds people out of their life savings for no reason other than rapacious greed deserves **no** leniency or pity.