Michael Mains Utah / Mike Mains Alpine Utah SCAMMER / THEIF / PONZI SCHEME / DO NOT DO BUSINESS WITH MICHAEL MAINS / FEDS ARE INVESTIGATING PONZI SCHEME PONZI SCHEME / FRAUDSTER / UNDER FEDERAL INVESTIGATION / DO NOT DO BUSINESS Highland, Utah

This report  is completely false. I posted the wrong information about the wrong person. I had heard something and acted too quickly and made assumptions that I knew who it was, but I misunderstood and posted the wrong information and picture of the wrong person. It turns out that the information is completely false, and regardless of any confusion on a person with the same name, there was never any fraud to begin with by the person with a similar name.  So it all started as a rumor, and then got even worse when the rumor was reported here about the wrong individual.  

This report was filed incorrectly, and the picture was cut and pasted from an old facebook page that had his name on it, and was used without his permission. I have tried to remove it, but you will see on the site that the policy is they will not remove anything, even if it is a completely false report, even the original author of the report can not go back and delete the report. So I feel terrible that I have caused this report, but the site does not allow me to take it down, so all I can do is follow up here to clear up the misunderstanding and appologize for any harm I have caused in his reputation.

 If you do a ligitimate search with ligitimate sources or a full background check, you will find out that he has never been accused, or suspected or investigated by the FTC or FBI or any other organization for any criminal or suspicious business activity.  Not only have there never been any investigations involving him, he is not even engaded in any business where he takes investments, so this original story is so far off base, there is no shred of truth or basis for these false accusations. And his wife has never been involved in anything related to these false reports  There was no ponzi scheme, there was no investment business, there was no scam, no checks were sent out by her, and this entire report turns out to be completely false. Not even sure where the rumor started, as there is absolutely no basis for them to ever have even been associated with this. So big time screw up here. Wish it could be taken down, but at least the record is set straight.

 Michael Mains was arrested and he plea bargained guilty, and is now serving an 8 year sentence in Federal Prison, but he can be released on parole in 4 years. This scum bag will now get what he has coming to him.  His $30million mansion in Beverly Hills, and $5million estate in Utah has been reposesed and were supposed to be auctioned off by the FTC. The proceeds of the auction were to be distributed to the victims of his deceitful schemes, but in his plea bargain he was allowed to donate his assets to a charity instead of having them auctioned off.  But now he is under investigation again for fraud, because the charity he donated his assets too to minimize jail time, was actually owned by one of his offshore companies in Monaco.  His wife Angela denied all involvement, but she was arrested by the FBI when they caught her fleeing the country to Monaco. No doubt she was heading over to reclaim all the assets in the fake Charity.  She was released without enough evidence to hold her, so she is now free in Europe with millions of dollars stolen from innocent investors.    Even though he is now in prison, there are still many fraudulant activites he has not been charged with, and Angela Mains is now running the companies, so no doubt Michael is still in charge from behind bars, and they will continue to scam millions from investors.  Angela's brokers license was not revoked so these evil pricks can continue to operate with her license and steal from poor innocent folks.  We need to stop them.  If you have more evidence of Michael Mains fraud, please come forward and call the FBI, so that they can prosecute for the other crimes he has committed, that they do not yet have enough evidence to take to trial.  If not, then he will get out of Jail in 2021.