April 20, 2017

Whistleblower News From The Inside — April 20, 2017

By the C|C Whistleblower Lawyer Team

Utah man admits to $16M real estate Ponzi scheme – Former Utah-based Marquis Properties owner Chad Roger Deucher admitted he violated the securities laws by bilking investors in his real estate firm out of $16M over six years; Deucher used direct solicitations, radio ads, a website, and real estate and retirement seminars to find investors, and promised them returns as high as 22%. KSL Broadcasting Salt Lake City

Four charged with fraud in elaborate $800K Mexican gold scam – Four men, including three from New Jersey, are accused of defrauding a commodities trading business out of $800K by falsely pitching a joint venture to buy and sell Mexican gold; the men charged are either owners or high-ranking officials of Panama City investment holding company Grupo Munidal Baloboa, Voorhees, NJ Brilliant Petroleum Company, Hong Kong-based All Bloom Trading Ltd., and Gillar Worldwide Group Ltd. NJ.com

Rwanda promises to set up whistleblower reward program – The Rwandan government, in a Cabinet-approved bill, proposes financial rewards and protection for whistleblowers whose information about wrongdoing—in both public and private institutions—leads to the recovery of public assets and/or the protection of the public interest. The proposed law also includes penalties for compromising a whistleblower’s identity. All Africa

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