A federally registered investment advisor and broker-dealer with nearly 40 years of professional experience, Gary Teran functions as the president and CEO of First Western Advisors. In addition to leading an investment firm valued at $500 million, Gary Teran serves as a panel member for an anti-fraud education event called Fraud College.
A non-profit organization based in Utah, Fraud College combats investment fraud by raising awareness about the common tricks fraudsters use to steal people’s money. In addition to an annual conference in Utah, Fraud College educates the public and potential investors on avoiding investment fraud by holding webinars, publishing an alert blog, and communicating with a corporate council of advisors.
In recent years, Utah has gained a reputation as a hotspot for “affinity fraud.” In 2010, Utah officials uncovered a case where thousands of people were defrauded of over $1.4 billion. The following year, reported fraud in the state increased more than 30 percent over the prior year. Focused on exposing the fraudsters behind schemes like these, Fraud College soon aims to expand the reach of its live education programs beyond Utah.
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