On June 25, 2012, the U.S. Securities and Exchange Commission filed a civil complaint against Wayne L. Palmer (“Palmer”) and National Note of Utah, LC (“National Note”), of West Jordan, Utah, alleging that the defendants are engaged in Ponzi scheme pursuant to which they've raised over $100 million from over 600 investors.

Many investors who invested with Palmer through National Note, as well as the media, have questions about the nature of the SEC's allegations and the relief sought. Our FAQ answers some of the more commonly asked questions about this latest alleged Ponzi scheme. Anyone with additional questions is invited to contact our Firm.