Duchesne man charged with fraudulently selling home investment opportunities

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A Duchesne man is facing security fraud charges tied to claims that he could build thermal mass homes for a fraction of the cost of regular homes, even though prosecutors say he did not have a contractor's license.

SALT LAKE CITY — A Utah man who claimed he could build thermal mass homes at a fraction of the cost and time of traditional homes does not actually have a general contractor's license, according to prosecutors.

Faust "has never held a securities license or a general contractor's license" and his company, Faust Homes, "is not and has never been a registered business entity with the Utah Division of Corporations," according to charging documents. Between 2019 and 2020, Daniel Faust sold investment opportunities to at least two Utah residents and collected nearly $125,000, the charges say.

 

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