(KSL News) -- An Eyewitness News investigation has led to criminal charges in Utah County. Last fall, investigative reporter Debbie Dujanovic exposed Mascot Financial.
Customer after customer said the same thing: They paid Mascot Financial to eliminate their debt. Instead, their debts grew.
Tonight, Mascot owners Scot Stobbe and Sam Aston face charges of securities fraud. The state says the men told lies about the company and deceived their customers by promising risk-free investments.
If convicted, Stobbe and Aston could each spend up to 15 years in prison. The two already owe more than $1 million in state fines.
The Utah Securities Division wants to hear from other victims of Mascot Financial. If you're a victim of Mascot Financial, contact the Utah Division of Securities by calling 801-530-6600 or following the link to the right of this story.