Utah Securities Official Warns of Fraud in 2007
The Director of Utah’s State Division of Securities, Wayne Klein, is warning people locally and across the United States to be wary of fraud in the common year. In 2006, criminals were successful in executing scams targeting the booming real estate market, oil exploration, and services for senior citizens. Annually, Utah citizens lose over 10 million dollars because of scams.
Klein warns that any promise of high returns with no risk should be a red flag indicating fraudulent activity. He also suggests that before making any investment ensure that the person is licensed to sell investments with the Division of Securities.
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Officials Warn of Fraud in 2007
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