Salt Lake Tribune -- Rick Koerber picked three words to describe himself on his blog:
Capitalist, Mormon, Dad -- in that order. It was both his philosophy and his cover.
Koerber's hyper-economic, hyper-religious version of conservatism helped him cozy up to state politicians while, investigators say, he duped scores of investors.
He is accused of running a $50 million Ponzi scheme, convincing his Utah County neighbors to take out second mortgages on their homes and invest the proceeds with him -- so-called "equity milling." Many of those who did are out their life savings or facing foreclosure.
1 comment:
I eagerly await this mans death
Post a Comment