A combative witness insisted repeatedly Friday that a fund into which he poured his and his family’s monies was nothing more than a funnel into Rick Koerber’s alleged Ponzi scheme.
But Jeffrey Goodsell of Springville admitted in a federal court trial that, because his investment did not go directly into Koerber’s companies, the former Utah County real estate guru doesn’t owe him money.
Koerber is facing 18 charges related to the operation of his real estate investment companies, which took in about $100 million and allegedly paid more than half of that back to investors to make it appear the operations were profitable.