![]() ![]() I know that so many of you are saying that this will all be explained in the end, well good luck with that because I don't think we will ever hear an explanation of what happened and if we do it will be the same crap(excuses) and he will never take responsibility. Rust has been ordered to report to federal prison on Wednesday, March 9, 2022. Please someone tell me he was sick, that he's in the hospital or maybe he was at the temple. Rust was ordered to pay over 153 million dollars to the 568 victims of his criminal scheme, and an order of forfeiture in the same amount was entered against Rust for all money and assets owned by Rust and traceable to the criminal scheme. Stop and think about that.you would leave your wife and kid to deal with the crap you started. They announced this yesterday 10-17-19 in court proceedings, I didn't attend but got a good report of what happened, the one interesting thing said was that Gaylen wasn't in the court room but Denise and Josh were. STAY CONNECTED 1 Twitter 2 Facebook 3 RSS 4 YouTube 6 LinkedIn 8 Email Updates. Case Number: 18-cv-00147 (United States District Court for the District. Gaylen Dean Rust and Rust Rare Coin, Inc. Attorney's Office for the District of Utah, and the Federal Bureau of Investigation for their assistance in this matter.Well they finally sent out a "Save The Date" and it's May 11th, 2020. Gaylen Dean Rust and Rust Rare Coin, Inc. Commodities Futures Trading Commission, the U.S. SALT LAKE CITY The final defendant in the Rust Rare Coin Ponzi scheme was sentenced Tuesday. The SEC wishes to thank the Utah Division of Securities, the Utah Attorney General's Office, the U.S. The lawyers for us have submitted their case, the bank has responded with their reasons to dismiss and the is a court date before a judge so that he can. Bank proceedings So there was a question as to what is happening with the bank suit proceedings, I will give the simple update. Under the direction of Regional Director Daniel Wadley, the SEC's investigation was conducted by Alison Okinaka, Scott Frost, and Laurie Abbott, and litigation will be led by David Whipple and Amy Oliver. Gaylen Rust Silver Pool Ponzi Scheme Monday, October 21, 2019. The SEC's complaint, filed in federal district court in Salt Lake City, Utah, charges Rust and RRC with violating the registration provisions of Sections 5(a) and (c) of the Securities Act of 1933 and the antifraud provisions of Section 17(a) of the Securities Act, Section10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Utah, filed November 15, 2018) The Securities and Exchange Commission today announced charges against a Utah-based company and its principal in an ongoing investment scheme that has defrauded hundreds of investors in several states. The SEC alleges that, contrary to these representations, Rust has been using new investor funds to make payments to earlier investors and to pay for his personal expenses and the business expenses of other entities he controls. ![]() Rust also told investors that his silver trading program has almost no risk. ![]() Rust claimed that his silver trading program results in average annual returns of 20% to 25%, with some years experiencing significantly higher returns. ![]() He also told investors that he stores millions of tons of physical silver on behalf of investors at Brink's Global Services U.S.A. Denise Rust pleaded guilty to money laundering on July 2. According to the SEC, Rust told investors that he has access to a trading algorithm that enables him to capitalize on fluctuations in the price of silver bullion and thereby make profitable trades, regardless of the actual price of silver. The trial for Gaylen Dean Rust and Joshua Daniel Rust is now scheduled to begin at 8:30 AM. Through this scheme, Rust and RRC have allegedly raised over $85 million since January 2017. Find weekly RUST updates and news as our content partner Shadowfrax dedicates his time and effort to bringing the RUST community the latest information on what’s going on in RUST development as well as what may or may not (but probably definitely) be coming up down the road. (RRC) are engaged in an ongoing investment scheme involving a purported silver trading program. (KUTV) - A Utah man and his company are accused of fraudulently obtaining more than 170 million from at least 200 people since May 2013 in a precious metals ponzi scheme. Rust and his company Rust Rare Coin, Inc. The Securities and Exchange Commission today announced charges against a Utah-based company and its principal in an ongoing investment scheme that has defrauded hundreds of investors in several states. ![]()
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