Rick Koerber (Businessman) Wiki, Biography, Age, Wife, Family, Net Worth

Rick Koerber Wiki,Biography, Net Worth

Rick Koerber is an American convicted felon who was found guilty in federal court of orchestrating and running a $100 million Ponzi scheme, one of the largest in Utah’s history. Koerber took in $100 million from 2004 to 2008 by promising his victims returns of 24% to 60% annually, but spent $50 million on Ponzi payments to prior investors, and also bought luxury items to give his scheme an appearance of profitability.

Explore Rick Koerber Wiki Age, Height, Biography as Wikipedia, Wife, Family relation. There is no question Rick Koerber is the most famous & most loved celebrity of all the time. You can find out how much net worth Rick has this year and how he spent his expenses. Also find out how he got rich at the age of 48. He has a pure loving kind heart personality. Scroll Down and find everything about him.

Rick Koerber Wiki, Biography

Date of Birth 1973
Birth Day 14 April
Birth Years 1973
Age 48 years old
Birth Place United States of America
Birth City
Birth Country United States of America
Nationality American
Famous As Businessperson
Also Known for Businessperson
Zodiac Sign Aries
Occupation Businessperson

Famously known by the Family name Rick Koerber, is a great Businessperson. He was born on 1973, in United States of America

Read Also: Curtis Hairston Wiki, Biography, Age, Net Worth, Family, Instagram, Twitter, Social Profiles & More Facts

Rick Koerber Net Worth

Rick Koerber has a net worth of $5.00 million (Estimated) which he earned from his occupation as Businessperson. Popularly known as the Businessperson of United States of America. He is seen as one of the most successful Businessperson of all times. Rick Koerber Net Worth & Basic source of earning is being a successful American Businessperson.

Rick entered the career as Businessperson In his early life after completing his formal education..

Net Worth

Estimated Net Worth in 2022 $1 Million to $5 Million Approx
Previous Year’s Net Worth (2021) Being Updated
Salary in 2021 Not Available
Annual Salary Being Updated
Cars Info Not Available
Income Source Businessperson

Rick Koerber’s official Twitter account

The Businessperson with a large number of Twitter followers, with whom he shares his life experiences. Rick is gaining More popularity of his Profession on Twitter these days. You can read today’s latest tweets and post from Rick Koerber’s official Twitter account below, where you can know what he is saying in his previous tweet. Read top and most recent tweets from his Twitter account here…

https://twitter.com/rickkoerber

Social Network

Born on 1973, the Businessperson Rick Koerber is arguably the world’s most influential social media star. Rick is an ideal celebrity influencer. With his large number of social media fans, he often posts many personal photos and videos to interact with his huge fan base on social media platforms. Personal touch and engage with his followers. You can scroll down for information about his Social media profiles.

Social Media Profiles and Accounts

Twitter Rick Koerber Official Twitter
Instagram Not Available
Facebook Rick Koerber Facebook Profile
Wikipedia Rick Koerber Wikipedia
YouTube Not Available
Spotify Not Available
Website Not Available
Itunes Not Available
Pandora Not Available
Googleplay Not Available
Deezer Not Available
Quora Not Available
Soundcloud Not Available

Life Story & Timeline

2017

On November 1, 2017, the United States Attorney’s Office (District of Utah) announced plans to retry the case. Filmmaker Richard Dutcher testified about Koerber’s $5 million funding of the 2009 erotic horror film Evil Angel while several of Koeber’s investors testified they did not know or approve of their money to bankroll a film, which prosecutors characterized as characteristic of Koerber’s dishonest practices. On September 20, 2018, a federal jury in the District of Utah convicted Claud R. (“Rick”) Koerber on charges of Fraud in the Offer or Sale of Securities, Wire Fraud, and Money Laundering. On October 15, 2019, Judge Frederic Block sentenced Koerber to 170 months (14 years, 2 months) in federal prison and restitution of $45 million dollars.

2014

On March 28, 2014, a federal judge set a new trial date to try the remaining 18 charges, however Judge Clark Waddoups dismissed the case on June 19, 2014 due to the government violating Koerber’s right to a speedy trial. The case was dismissed 5 years to the day after Koerber’s arraignment. The case was dismissed with prejudice. In December 2014 prosecutors said they were willing to appeal the verdict. Prosecutors appealed to the 10th Circuit Court of Appeal in Denver, Colorado. On January 21, 2016, the court found that Waddoups failed to consider the seriousness of the charges and Koerber’s contributions in delaying the trial. The case was sent back to the lower court and Waddoups recused himself from reviewing it. On August 25, 2016, federal judge Jill Parrish ruled that the charges could be reinstated. Koerber was again indicted by a grand jury on January 18, 2017, on 18 charges, however, the jury deadlocked and a mistrial was declared on October 16, 2017.

2012

At arraignment in June 2009, Koerber pleaded not guilty to all charges against him, and a trial was set for September 11, 2012. In November 2009, U.S. Federal prosecutors filed 19 additional charges of fraud against Koerber, including one count of mail fraud, six counts of fraud in the offer and sale of securities, one count of sale of unregistered securities, 10 counts of wire fraud, two counts of money laundering and two counts of tax evasion, bringing the total of charges filed to 22.

1973

Claud Roderick “Rick” Koerber (born Claud Roderick Franklin 1973, Casper, WY) is a Utah criminal convicted on charges of orchestrating and running a $100 million Ponzi scheme, one of the largest in Utah’s history. Koerber took in $100 million from 2004 to 2008 by promising his victims returns of 24% to 60% annually, but spent $50 million on Ponzi payments to prior investors, as well as luxury cars and other luxury items, all to give his businesses the false appearance of profitability. Koerber attracted investors with long seminars that combined his views on capitalism with his religious philosophies. He was reported to cite his relationship with Hartman Rector Jr., an emeritus general authority of The Church of Jesus Christ of Latter-day Saints (who was reportedly in attendance for at least one of Koerber’s presentations to would-be investors), and to have promised exorbitantly high profits for investors. By connecting his promises of unrealistic investment returns with the commonly shared religious and political views of his local victims, Koerber was using a tactic for building trust with potential victims known as “affinity fraud”. Koerber was sentenced to 170 months (14 years, 2 months) in federal prison and restitution of $45 million dollars.

Add Comment