Wednesday , July 02, 2014 - 6:17 PM
SALT LAKE CITY — Dee Allen Randall, the Kaysville man accused of duping investors in a $72 million Ponzi scheme, attended the first hearing of his criminal case Wednesday in 3rd District Court.
Randall was charged with 23 felony counts of securities fraud in June and is being prosecuted by the Utah Attorney General’s Office. He allegedly misled investors about the use of their funds from 2006 to 2011, all while selling securities without a license to do so.
Randall’s initial appearance was held primarily to set a date for his next hearing: a scheduling conference July 21 at 9 a.m. before 3rd District Judge Denise Lindberg. The date for Randall’s preliminary hearing and other court appearances will be tentatively set at that conference. Lindberg is only the temporary judge in Randall’s case, according to attorney general spokeswoman Missy Larsen.
Randall has also been fighting several civil lawsuits against him. Eighty-seven creditors have sued Randall for lost investments in an ongoing class action lawsuit, including the South Ogden-based Boy Scouts of America Trapper Trails Council. The federal Small Business Administration and financial giants such as American Express, City National Bank, Bank of New York Mellon, U.S. Bank and Wells Fargo Bank are also suing Randall.
Contact reporter Ben Lockhart at 801-625-4221 or email@example.com. Follow him on Twitter at @SE_Lockhart. Like him on Facebook at www.facebook.com/blockhartSE.
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