Rick Guyon, Investment Fraud, Idaho 2018

Investment fraud has struck again, this time in the heart of Idaho. Rick Guyon, a 59-year-old investment advisor, has pleaded guilty to one count of wire fraud, according to a recent plea agreement filed with the court.

According to the plea agreement, from 2015 through 2017, Guyon devised a scheme to defraud individual investors. The scheme involved soliciting $1,956,400 from investors based on false and fraudulent representations about the defendant’s education, employment history, and financial condition, and false and fraudulent representations that the money would be invested in financial markets and that the defendant would not collect any commissions on the investments.

Once he obtained the money, he spent it on personal expenses. To cover up what he had done, Guyon provided investors with false and fraudulent monthly account statements showing positive returns on investments. As a result, the scheme resulted in an actual loss of between $1,500,000 and $3,500,000, with one investor-victim personally losing approximately $1,281,783.

Guyon’s scheme to defraud investors involved the defendant acting as an organizer and leader of at least three other participants in the scheme. This is a serious offense, and we must hold individuals accountable for their actions.

The case was investigated by the Federal Bureau of Investigation. Sentencing for Guyon is set for October 9, 2018, before Chief U.S. District Judge B. Lynn Winmill at the federal courthouse in Boise.

The people of Idaho deserve to know that their investment advisors are trustworthy and honest. We will continue to expose these types of crimes and bring perpetrators to justice.

Rick Guyon, a/k/a, Richard Guyon, a/k/a Rick Garrison, a/k/a Mark Thomas, 59, pleaded guilty yesterday to one count of wire fraud. Pursuant to a written plea agreement filed with the court, Guyon pleaded guilty to count five of the indictment.

BOISE, Idaho - Rick Guyon, a 59-year-old investment advisor, has pleaded guilty to one count of wire fraud. The scheme resulted in an actual loss of between $1,500,000 and $3,500,000, with one investor-victim personally losing approximately $1,281,783.

Source: https://www.justice.gov/usao-id/pr/investment-advisor-pleads-guilty-investment-fraud