CRIME BRREAKING: Justin Peck, 47, a Riverton resident, has admitted to running an unlicensed money transmitting business that operated without the required federal registration from 2012 to at least 2019.
In a gritty plea deal, Peck acknowledged owning several companies involved in cashing checks from general contractors for drywall labor and distributing the funds to subcontractors. He pocketed fees ranging from 6% to 10% of each check, amounting to at least $58,248,103.38 over the years.
Investigators suspect Peck’s operation was designed to sidestep employment taxes and higher workers’ compensation premiums, a classic move in white-collar crime circles. The defendant waivered indictment and faced felony charges filed in July 2020.
Peck earned substantial income from his illicit business but failed to declare it on his personal tax returns. His plea agreement includes filing accurate tax returns for the years 2012-2017 and forfeiting property interests. Sentencing is scheduled for November 5, with a potential five-year prison term hanging in the balance.
The case is being prosecuted by Assistant U.S. Attorneys at the Utah U.S. Attorney’s Office, with IRS-Criminal Investigation leading the investigation.
Justin Peck’s guilty plea sends a stark message about the consequences of operating outside the legal framework for financial transactions, underscoring the relentless pursuit of justice in the face of white-collar crime.
Related Federal Cases
- Brian Sewell and Keen Ellsworth Indicted for Unlicensed Money Transmitting · Utah
- South Jordan Woman Sentenced for $462K Money Laundering · Utah
- Spice Syndicate Busted in Utah: 14 Indicted for Distribution, Money Laundering · Illinois
- Monica Paris Pleads Guilty To Money Laundering, Embezzling Over $400k · Utah
- Riverton Duo Busted for Credit Card Theft · Utah
Key Facts
- State: Utah
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Public Corruption
- Source: Official Source ↗
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