| Description |
Utah has earned the reputation of the "Securities Fraud Capital of the World".1 Ten frauds during the past five years have been perpetuated in the state of Utah which have involved over nine thousand people and two hundred million dollars. On February 1, 1984, Governor Scott M. Matheson formed the "Governor's Securities Fraud Task Force". It was the first of its kind in the state of Utah. Its job was to "analyze Utah's securities fraud problems and to make specific recommendations to reduce fraud and more effectively utilize state resources in the regulation of the securities industry in Utah".2 |
