Draper man, 29, indicted for fraud, scheme that allegedly cost hundreds of victims millions of dollars

SALT LAKE CITY, Utah, Oct. 13, 2026 (Gephardt Daily) — An indictment was unsealed Tuesday charging Parker James Wilde, 29, of Draper, with securities fraud, wire fraud, and money laundering for multiple investment fraud schemes that resulted in millions of dollars of loss to approximately 200 victims.

Wilde allegedly spent investor money on an extravagant lifestyle to create the appearance of wealth and success.

According to court documents, starting in August 2021, Wilde allegedly solicited investors in a “done-for-you” e-commerce investment scheme promoted primarily through a curated social media display of investor success, personal affluence, and specialized knowledge…

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