It’s been 10 years since federal prosecutors first slapped prominent Utah real estate investment guru Rick Koerber with an indictment alleging he ran a Ponzi scheme and defrauded everyone around him while he enjoyed a lavish lifestyle.
And after a tortuous path of dropped charges, a hung jury and finally a conviction last fall, it was all supposed to end this week as Koerber would be sentenced for fraud, wire fraud and money laundering.
The sentencing for Koerber is being delayed a third time since the Utah County real estate investor was found guilty of 15 charges last September.