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Wedding-Venue Chain Founder Must Fork Over Cash Amid Fraud Claim

  • Noah’s Bowser must surrender $845,000 of home-sale proceeds
  • Jilted investors showed likely success of claims, judge says
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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.