SALT LAKE CITY (April 9, 2015) — Attorney General Sean Reyes, HB 378 bill sponsors Representative Mike McKell and Senator Curt Bramble, and Utah business leaders joined Governor Herbert as he ceremonially signed the nation’s first White Collar Crime Registry into law on Thursday, April 9, 2015 at 9:30 a.m. in the Utah State Capitol’s Gold Room. As a longtime advocate for consumer protection and a member of the Standing Committee on Consumer Protection of the National Association of Attorneys General, Utah Attorney General Sean Reyes applauded the Utah State Legislature and Governor Herbert for addressing white collar crimes, particularly affinity fraud, in supporting this new registry.
The White Collar Crime Registry will modify the Utah Code of Criminal Procedure to include a registry for persons who commit specified white collar crimes to help empower and inform Utah citizens before investing with those who have illegal pasts and unsavory business practices that have led to second degree felony convictions.
“I have long hoped to further equip citizens to protect themselves from financial fraud,” said Attorney General Sean Reyes. “This registry will make already public information much more accessible for the average citizen in this digital age. It will inform anyone performing a simple name search if they are investing with someone who has previously been convicted of financial crimes. People spend all sorts of time reading reviews and searching information before they buy a computer, T.V. or even blender. Often they will invest their entire nest egg with no due diligence at all. A simple search on this registry may save you your life savings. And this tool will hopefully curtail some of the billions of dollars lost in Utah to investment fraud and other financial crimes.”
The White Collar Registry legislation authorizes the Utah Attorney General’s Office to develop, operate, and maintain the Utah White Collar Crime Offender Registry website. The website is currently in the planning stages with a target launch by the end of 2015. It is estimated that approximately 100 names will make the list each year.
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