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Four Sentenced for Advance Fee Scheme That Promised to Turn Dirt Into Gold

Four Sentenced for Advance Fee Scheme That Promised to Turn Dirt Into Gold
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Turning dirt into gold? Scam lands Utah, California men behind bars

SALT LAKE CITY Promoting a revolutionary technology to turn dirt into gold landed three men from Utah and California in federal prison for stealing some $8 million from mostly older investors. Two of those involved in the scam, Marc Andrew Tager, 55, of Sandy, and Jonathon Edward Shoucair, 69, of North Hills, California, met in prison while serving time for previous fraud convictions. This scam was pretty in depth and involved a high degree of deceit to pull off, said Brian Maxwell, Utah Department of Commerce spokesman. Tager, Shoucair and Matthew Earl Mangum, 51, of South Jordan, acted as leaders of the scheme and told investors they had created a plan to make money by extracting gold from dirt using a revolutionary process developed by Mangum, who was held out as an expert in metallurgy and the refining of precious metals.

How 4 Fraudsters Sold Promise Of Turning Dirt Into Gold

Share: Four people, two from Utah and California, have been sentenced for their role in an $8 million telemarketing fraud scheme that promised investors that their business could extract gold from dirt. How It Unfolded: According to the U.S. Department of Justice, beginning in 2014 about 140 investors paid over $8 million to the defendants company, Jersey Consulting, LLC. The investors were promised they would receive 100% returns on their money in a year. The investors were told Matthew Earl Mangum, 51, of Utah, was an expert metallurgist who had developed a revolutionary gold extraction process. Mangum was one of the people sentenced. The others were 75-year-old Kenneth Stephen Gross from California, 69-year-old Jonathan Edward Shoucair also from California, and 55-year-old Marc Andrew Tager from Utah, according to a press release yesterday from the U.S. Attorney’s Office, District of Utah.

Turning dirt into gold? Scam lands Utah, California men behind bars

Turning dirt into gold? Scam lands Utah, California men behind bars
deseret.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from deseret.com Daily Mail and Mail on Sunday newspapers.

Four men, including two from Utah, sentenced in scheme to recover gold from dirt

Four men, including two from Utah, sentenced in scheme to recover gold from dirt Pixabay and last updated 2021-04-23 11:48:14-04 SALT LAKE CITY — Four men, including two from Utah and two from California, have all been sentenced in connection with a telemarketing scheme that promised investors they had the technology to extract gold from dirt. According to the U.S. Department of Justice, most of the investor/victims were elderly. The victims were told Matthew Earl Mangum, 51, of South Jordan, was an expert metallurgist and he had developed a revolutionary gold extraction process. Investors were told that the defendants controlled this proprietary, breakthrough, nanotechnology that used environmentally friendly means to recover microscopic particles of gold from dirt, a news release from USDOJ says.

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