Utah’s Attorney General filed charges on Tuesday against Marc Sessions Jenson, 51, for fraud and money laundering in his solicitation of investors for a $3.5 billion private ski resort and golf course at Elk Meadows in the Tushar Mountains. The allegations claim that Jenson and his brother used false information to entice three investors to part with $2.3 million, but used the money for personal use, including paying off defaulted loans and legal fees for a prior fraud case. In that case, Jenson agreed to pay $4.1 million to victims of a scheme to buy a bicycle company. He was arrested, also on Tuesday, for his failure to repay any of the money. Jenson will be held in a Salt Lake City jail until his sentencing in October.
Read more at The Salt Lake Tribune