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July 1, 2014

Four DBSI Principals Found Guilty

After a forty-two day trial, four DBSI principals were found guilty of fraud by a Boise federal jury. Douglas Swenson, Mark Ellison, David Swenson, and Jeremy Swenson were convicted of multiple fraud charges. These charges stemmed from them publically relaying that DBSI was a profitable enterprise with a net worth totaling over a $100 million, but in reality DBSI was an unprofitable Ponzi scheme. All four defendants were convicted of forty-four counts of securities fraud and will be sentenced in late August.

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