The "railroad bonds" scam
(updated Aug. 18, 2017)

Many gullible people almost two decades ago succumbed to the "railroad bond" scam and lost tons of money. This scam involved the contention that the bonds of some old, bankrupt railroad companies organized back in the 19th century were still valuable today. The promoter of this scam has in the past been actively involved with the tax movement. This promoter got Sheriff Richard Mack to move from Arizona to Provo, Utah, so that he could run for sheriff of Utah County. Richard did this, only to suffer on the eve of the election a raid by the feds against this promoter of this railroad bond scam. Sheriff Mack was greatly harmed by his association with the promoter, Al Carter. Below is an article which appeared in the local Utah papers: