Utah County Man Charged in $11 Million Fraud

Utah County Man Charged in $11 Million Fraud

Save Story
Leer en EspaƱol

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

PROVO, Utah (AP) -- Prosecutors charged a Utah County man for fleecing 140 real-estate investors out of $11 million.

Paul Louis Bouchard, 48, was charged with two second-degree felony securities violations and a pattern of unlawful activity.

Each charge carries a maximum sentence of up to 15 years in prison.

Prosecutors say Bouchard has agreed to plead no contest and make restitution.

Court documents say the Highland man and his company, Hunters Capital, solicited money from investors on a promise of returns of 3 percent to 4 percent a month.


Information from: The Daily Herald

(Copyright 2007 by The Associated Press. All Rights Reserved.)

Most recent Utah stories

Related topics



Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast