SEC
Whistleblower
Advocates

December 04, 2015

National Note of Utah, Wayne L Palmer

Offering Fraud

SANCTION AMOUNT: $68,905,443

Defendants: National Note of Utah
Wayne L Palmer

Ponzi scheme in which more than 600 investors were guaranteed a 12% annual return from investments that were to be completely secured and used to make hard money loans, purchase notes, and invest in real estate. Instead, invested money was simply deposted in and transferred between bank accounts, and used for Ponzi payments.

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