A Utah entrepreneur accused of running a Ponzi scheme to expand a U.S. network of luxury event-rental venues was ordered to surrender a chunk of the proceeds from the sale of his $2.4 million home while jilted investors pursue their legal claims against him.
U.S. District Judge Tena Campbell in Salt Lake City issued a so-called writ of attachment to $845,000 from the sale of the property owned by Noah Corp. founder William "Bil" Bowser in the ski-resort town of Park City. Noah and Bowser are among those sued by retirees who invested millions of dollars in one proposed rental facility that was never built.
