SALT LAKE CITY (KUTV) — A man was taken into custody after he reportedly collected $1 million from nearly 30 investors in a securities fraud scheme.
Christian Montiel-Caleit, 45, of Mexico, was living in West Valley City when authorities took him into custody on Jan. 29.
From 2021 to December 2024, Montiel-Caleit deceived investors into believing he was licensed to sell securities and was successful at making large returns, the U.S. Attorney’s Office District of Utah said in a press release…