On November 15, 2018, the United States District Court for the District of Utah appointed Jonathan Hafen of the law firm Parr Brown Gee & Loveless as receiver for the assets of Gaylen Dean Rust, Rust Rare Coin, Inc., Denise Gunderson Rust, Joshua Daniel Rust, Aleesha Rust Franklin, R Legacy Racing Inc., R Legacy Entertainment LLC, R Legacy Investments LLC, and their affiliates. Pursuant to the Appointment Order, the Receiver is in the process of assuming control of the assets and gathering information. To assist in this process, please use the form below to provide your contact information.
At this time, please do not submit documents related to your claim. The Receiver will be establishing a claims process through which investors and other claimants will be able to submit information about claims for damages. The Receiver will use the contact information obtained to provide notice of that process and will update this website with information about how and when to submit documentation and other information supporting your claim for recovery of damages. Please provide your complete contact information and any comments below, so the Receiver can provide you notice of the claims process and status of the case at the appropriate time.
Please know that the Receiver and his team are working as quickly as possible to gather and preserve the assets and to obtain necessary information. The Receiver has received hundreds of inquiries from various stakeholders and is working on contacting everyone individually. We appreciate your patience as we work to respond to each inquiry.
NEWS:
- Response to Zion Bank’s Receivership Interpleader Motion – 4/16/2019
- Motion to Allow Summary Disposition Procedure – 4/16/2019
- Signed Order Denying Motion to Modify Order Freezing Assets – 4/4/2019
- Signed Order Staying Civil Case Pending Outcome of Criminal Proceedings – 3/20/2019
- Signed Order Appointing Appraisers & Approving Engagement of Consultant for Sale of Huge Studios – 3/20/2019
- Reply to Pl’s Resp & MIO to Denise Rust’s Motion to Modify Order Freezing Assets – 3/18/2019
- Receivership Interpleader Motion – 3/13/2019
- Signed Order Granting Motion to Intervene – 3/12/2019
- Signed Order Appointing Appraisers – 3/8/2019
- Redacted First Interim Fee Application – 3/8/2019
- Notice of Consent to Entry of Pls’ Proposed Order to Stay Civil Case Pending Outcome of Criminal Proceedings – 3/8/2019
- Signed Order Sealing Documents – 3/5/2019
- Signed Order for Extension of Time to File Reply – 3/4/2019
- Signed Order for Extension of Time to File Reply – 3/1/2019
- Stipulated Motion for Extension of Time to File Reply – 3/1/2019
- Motion to Approve Use of Broker’s Price Opinions, Comparative Market Analysis, Restricted Appraisal Reports – 3/1/2019
- Motion to Confirm Appointment of Appraisers & Approve Engagement of Consultant for Sale of Huge Studios – 2/26/2019
- Sharyn Heiner’s Motion to Intervene – 2/13/2019
- Joshua Rust’s RIS of Motion to Stay – 2/12/2019
- Reply MIS of Motion to Stay Civil Cases Pending Outcome of Criminal Proceedings – 2/12/2019
- Zions Bankcorporation’s Motion to Intervene – 2/12/2019
- Motion to Modify Order Freezing Assets – 2/11/2019
- Motion to Appt. Appraisers 1121 Seabreeze Court, Homer, AK – 2/11/2019
- Motion to Appt. Appraisers 65299 Diamond Ridge Road – 2/11/2019
- Motion to Appt. Appraisers 3657 Main Street, Homer AK – 2/11/2019
- Motion to Appt. Appraisers 4025 Homer Split Road, Homer AK – 2/11/2019
- Online New Mexico-Based Dispersal Auction Takes Place Feb. 22-25 – 2/14/2019
- Sport Horse Auction: Go to the Auction – 2/14/2019
- Response to Motion to Stay Civil Cases – 2/5/2019
- Frequently Asked Questions – 2/5/2019
- Order Appointing Appraisers & Confirming Private Sale – 2/1/2019
- Receiver’s Initial Status Report – 1/31/2019
- Motion to Sell & Abandon Assets – 1/17/2019
- Motion Private Sale of Properties – 1/14/2019
- Court Order – 1/3/2019
- State: Ponzi scheme involving Utah rare coin dealer ‘larger than previously alleged’ – 12/18/2018
- CFTC revises estimate of investor losses caused by precious metals Ponzi scheme – 12/17/2018
- Utah rare coin dealer accused of running multimillion-dollar Ponzi scheme – 11/16/2018