Utah man accused of taking nearly $65,000 in securities scheme

  • James Allan Sorensen, 42, faces multiple charges alleging securities fraud.
  • Sorensen allegedly defrauded investors of nearly $65,000 from February 2022 to September 2023.
  • He already faces charges accusing him of purchasing a Range Rover with a bad check.

SANDY — A Sandy man arrested last year for allegedly purchasing a $60,000 Range Rover using a check that bounced is now accused of ripping off investors with fraudulent business opportunities.

James Allan Sorensen, 42, was charged last week in 3rd District Court with four counts of securities fraud, communications fraud and engaging in a pattern of unlawful activity, second-degree felonies; and being an unregistered securities agent and selling unregistered security, third-degree felonies.

Sorensen was listed as the manger and registered agent for JIC Case LLC, “an online retailer specializing in health supplements and self-defense kits for women,” according to charging documents. Investigators say, however, that Sorensen “has never been licensed to sell securities.”…

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