Move over Madoff! Utah Schemer Chad Roger Deucher was only a Scammer, Say Feds; Charged with Fraud in Indictment Alleging Business was Run as a Ponzi Scheme

SALT LAKE CITY – Chad Roger Deucher, age 43, of Orem, Utah, will make an appearance on May 26, 2016, in federal court in Salt Lake City to face charges alleging that from March 2010 to February 2016, he operated a Ponzi scheme through a business he controlled that collected about $28 million from about 250 investors. Investigators involved in the case believe about 170 of the investors lost about $16 million in the scheme.