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Two contact lens sellers have agreed to settle an antitrust lawsuit against them for $7 million and to cooperate against Utah-based 1-800 Contacts and other remaining defendants. → Read More
Rick Koerber testified Friday that his companies had $120 million or so in equity in 2007 when they became illiquid, enough to back the $100 million in investments that came in during the enterprise’s short, spectacular rise. → Read More
A federal judge on Wednesday unloaded on the Federal Election Commission over its pursuit of a lawsuit against imprisoned St. George businessman Jeremy Johnson and former Utah Attorney General John Swallow involving allegations of illegal campaign contributions. → Read More
Chip Block says every time the Aqua-Yield truck from Utah pulls up at his Georgia sod farm, he hears from a neighbor. → Read More
Former real estate investment guru Rick Koerber frequently used investors’ own monies to send interest payments back to them and told his bookkeeper that running a Ponzi scheme was not illegal in Utah, according to testimony at Koerber’s federal court trial → Read More
Dale Clark really wanted out of his engineering job in 2005 and he was looking for a way to earn the income that would allow him to quit. He received a flyer touting a seminar about a revolutionary new way to invest in real estate called the “Equity Mill,” where participants would learn “how to earn 24-120 percent interest on your cash with little or no risk.” Clark ponied up $7,300 to attend… → Read More
Rick Koerber’s businesses owned $127 million worth of properties when they collapsed amid plunging values during the real estate crash nearly 10 years ago, his attorney told a federal court jury on Tuesday. Koerber, the one-time Utah County real estate investment guru, is facing 18 charges related to allegations he ran a giant scam from 2005 to 2007 as his businesses took in about $100 million… → Read More
CHG Healthcare has opened its new employee-friendly headquarters in Midvale consisting of two five-story buildings just off Interstate 15 at 7200 South. The company that bills itself as the nation’s largest privately held health care staff provider occupies 282,000-square-feet in the buildings that are connected by a glass “People Hub” that includes lounge areas, meeting spaces and dining areas.… → Read More
The former attorney for indicted real estate investment guru Rick Koerber went to bat for him again on Friday, this time facing off against every federal judge on the bench in Utah. Criminal defense attorney Marcus Mumford, who managed to get a first criminal case against Koerber tossed out three years ago, is again part of Koerber’s legal team as he faces a second case, set to go to trial in… → Read More
Aleisha McDaniel says she just forgot, or her three kids distracted her. Either way, she recently drove off with her garage door still open. But as she moved away from her West Jordan home, it ... → Read More
Vivint Solar announced Thursday that it is collaborating with Mercedes-Benz Energy to jointly offer that company’s batteries along with Vivint’s solar panels. Vivint, which has installed solar energy systems on 100,000 homes in the United ... → Read More
BioFire Diagnostics, LLC, whose products have drastically cut the laboratory time needed to detect and identify infectious diseases, formally opened a new $100 million hub in Salt Lake City on Wednesday to house its research ... → Read More
Utah businesses had a record year of nearly $19 billion in deals and capital flows in 2016, nearly double the previous year’s total, according to a report released Friday. The MountainWest Capital Network issued its ... → Read More
Vivint Smart Home is opening mini-stores within 400 Best Buy outlets nationwide as part of a new strategic partnership, the Provo-based company said Thursday. The announcement was part of the company’s expansion into the market ... → Read More
A ringleader of a massive Utah-based mortgage modification fraud has pleaded guilty for his role in a scheme that federal authorities said involved 10,000 victims nationwide who suffered losses of more than $33 million. Chad ... → Read More
A Utah man is facing 18 charges in California for allegedly running an investment fraud scheme that may have cost victims as much as $65 million. Jacob Keith Cooper, 40, a resident of Washington in ... → Read More
Comcast is launching its new 1-gigabit-per-second internet service Tuesday, making Utah the first where the cable company has rolled out the super fast speeds to all its customers in a single state. Comcast says anyone in ... → Read More
At 72, Ed Catmull has no plans to retire from his tower atop the world of computer-animated movies. While leading Pixar Animation Studios, which he co-founded with the late Apple leader Steve Jobs and others, ... → Read More
They said it in signs: “America’s Dark Age — 2017-?” “Science is not a liberal conspiracy.” “Beer, Coffee, Wine, MTN Dew. Thanks Science!” “Girls Just Want to Do Science.” Thousands of sign-carrying Utahns turned ... → Read More
High-flying Alliance Health of South Jordan has filed for bankruptcy in the aftermath of a raid by federal agents seeking evidence of possible fraud related to the sale of products to government health plans. CEO ... → Read More